Vladimir Kuznetsov, Equity Analyst from Unicredit Securities
Inflows into Russia-dedicated funds and ETFs continued for the eighth straight week in the week to 7 April and reached USD 1.48bn YTD, EPFR data shows.
The recent week’s inflow totaled USD 116mn and was completely provided by equity funds, as ETFs showed a slight outflow of USD 0.8mn.
EMEA and GEM funds also registered net inflows of USD 322mn and USD 2.0bn, respectively. For GEM funds, where Russia’s weight in February was 7.2%, it is the largest weekly inflow since October 2009.
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