News From Press ETFs accounted for a third of record FPI outflows in June, shows data

ETFs accounted for a third of record FPI outflows in June, shows data

Source: Business Standard Aug 1, 2022

India-dedicated funds saw outflows to the tune of $906 million in June. Meanwhile, funds investing in global emerging markets (GEM) and other funds (such as those investing in Asia ex-Japan, BRIC and global markets) yanked out $997 million and $354 million, respectively. Total outflows from funds tracked by EPFR Global, a data provider, stood at $2.6 billion, accounting for a third of capital outflows from the domestic market in June.

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