Citi in its latest research report says in the week of 11/23/2016, bond funds continued to see a large net outflow of USD 8.6 billion while equity funds had a net inflow of USD 5.2 million.
US and Europe funds continued to see inflows of USD 5.9 billion and USD 140 billion, respectively. Global funds also saw an inflow of USD 2.4 billion.
Emerging markets funds had seen outflows for the fourth consecutive week. FIIs net sold USD 1.9 billion, where GEM funds lost USD 1.4 billion in outflow. Asia and Latin America funds had outflows of USD 456 million and USD 202 million, respectively. EMEA (Emerging Europe, Middle East, Africa) funds had USD 188 million of inflow.
Meanwhile, Asia particularly saw an outflow of USD 871 million during the week of November 23. India continued to see USD 837 million of FII outflow. Taiwan and Thailand both had close to USD 200 million of foreign selling. However, Korea managed to attract USD 588 million of foreign buying after 3 weeks of outflows.In rupee terms, FIIs net sold more than Rs 15,000 crore worth of shares in India in 11 consecutive sessions since November 9 and saw nearly Rs 20,000 crore worth of outflows since October.
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