MOSCOW, 20 Nov - PRIME. Net inflow of funds to funds investing in Russian assets and bonds (including funds focused not only on the Russian Federation) for the week through November 18 amounted to $ 320 million after an inflow of $ 255 million a week earlier, according to a review by BCS Global Markets.
BCS Global Markets provides data from an organization that monitors the inflow and outflow of funds to investment funds and the distribution of funds - Emerging Portfolio Fund Research (EPFR).
"Russian assets received a high inflow of $ 320 million after $ 255 million in the previous week, which was the best result in two weeks since January," the survey said. Including the inflow to equity funds specializing exclusively in the Russian market (russia-dedicated funds) amounted to $ 130 million in a week against an inflow of $ 40 million a week earlier.
"Russian funds reported large inflows, which received both traditional funds - $ 50 million, and ETF (Exchange Traded Funds - Ed.) - $ 77 million. It is worth noting that we saw two funds (one in each category), which provided the second best result since July 2018: VanEck Vectors Russia ETF (RSX) received $ 97 million in a week, Pictet (a fund investing in Russian stocks) - $ 52 million, "the review says.
"Thus, the flows turned out to be concentrated, there is still no broad interest in Russian equity funds," the same source says.
"GEM (Global Emerging Markets Funds - Ed.) Equity Funds received $ 1.3 billion, with most country and regional funds showing net inflows, in particular China - $ 4.4 billion. Investors continued to withdraw money from Indian funds (at the end of the week, outflows amounted to $ 114 million), and $ 594 million were taken from South Korea, "added BCS Global Markets experts.