Exchange traded funds withdrew USD 1.17 billion from Indian equities
Q. Exchange traded funds withdrew the second largest amount in emerging markets after China in which country from August to September?- Published on 17 Sep 15a. Pakistan
b. Bangladesh
c. Japan
d. India
ANSWER: India
Exchange traded funds withdrew USD 1.17 billion from Indian equities from the start of August to the first week of September, as per Bloomberg data. This accounts for one third of total pullout from Indian equities and ETFs have sold stocks worth USD 6.5 billion in emerging markets since August of which nearly 20% were from India. FPIs sold USD 3.1 billion worth of stocks over this period. There is redemption pressure in ETFs. Appetite to own risky assets such as emerging market equities is dying out in the global investment scenario.The values re 17.96 % for total EM and India’s are, total FPI outflow in India was around 3148 while ETF to FPI flow in percentage was 37.34%. From August to September 4, 2015, the total EM EFT outflow was USD 6546.6 million of which the following values were for the following countries:
Taiwan-847.3
India1175.6
S. Korea- 580.34
China/HK- 1245.1
Mexico-319
S. Africa-315.61
Brazil 414.6
Russia-335.7
