The net outflow from the funds of the assets of the Russian Federation for a week has doubled
. Investors for the week ended may 9 was taken out of funds focused on Russian assets (the share of Russia from all regions of the world in investment funds), the $ 224 million against an outflow of $ 108 million a week earlier, according to a review of the company “Sberbank CIB”.
“Sberbank CIB” provides data organization, which tracks the inflow and outflow of funds in investment funds and distribution of funds — Emerging Portfolio Fund Research (EPFR).
“In Russia, was marked, to put it mildly, the largest outflow of funds among the countries BRIXT (Brazil, Russia, India, China, South Africa and Turkey – ed.) – the $ 224 million”, — stated in the review of the strategy of the company AXONE Cole and Andrei Kuznetsov.
Funds that specialize solely in the Russian market (Russia-dedicated funds), recorded an outflow of funds to 152 million against outflow of $ 69.4 million dollars a week earlier. From the global funds emerging markets (GEM) was derived 54.9 million dollars. Passive funds of the Russian Federation recorded an outflow of $ 200 million, and active funds marked an outflow of funds in the amount of 24.7 million dollars.
Emerging market funds overall for the week was recorded by the second in 2018, the outflow of funds of 1.6 billion dollars against the inflow of 904 million dollars a week earlier. Global emerging market funds (GEM) during the reporting week declined by 1.1 billion dollars. Funds EMEA (Europe, middle East and Africa) said the outflows in the amount of $ 238 million. From Brazil had withdrawn $ 107 million, and from South Africa – 74,4 million dollars. The smallest outflow of funds observed in China over the past week – 64.2 million dollars. The inflows marked among developed countries, for example USA.
“Concerns about the dollar and the US withdrawal from the Iran deal on Tuesday evening may have been the factors that caused the caution of the investors by the end of current week”, – noted in the review.