For the week from 21 to 27 July 2016, investors withdrew from investing in Russian assets of the funds a total of $6.9 million, reports “Interfax”, citing data from Emerging Portfolio Fund Research (EPFR). A week earlier, the inflows in these funds amounted to $197 million.
In the review of Sberbank Investment Research noted, that a disadvantage has arisen due to outflow of passive funds that for the week from 21 to 27 July was taken out of Russian shares at $14.4 million At the same time, actively managed funds attracted in Russian local shares for $7.6 million
As noted Junior strategist at Sberbank Investment Research on the stock market Cole Axon, funds that spetsializiruyutsya on the Russian stocks for the reporting week brought $70.1 million, while using global funds in Russian assets came to $68.4 million
Overall, inflows into emerging market funds for the week amounted to $414 million.
Recall that after the results of the last UK referendum on the country’s withdrawal from the EU, which was won by the Pro-Brexit, investors withdraw money from funds that invest in emerging markets.