According to an HSBC research note that analysed how mutual funds are positioned across Asia, "May saw a reversal of fortunes - Asia witnessed inflows after two months of continuous outflows."
In an interview to CNBC-TV18, Bobby Rakhit, CEO, Inside Consulting says the uncertainty will continue to play out in global markets for the next three months or so leading to some correction.
Adrian Mowat, Chief Asian and EM Equity Strategist at JPMorgan warns that the weakness are likely to continue in emerging markets (EMs) for a while. According to him, global investors are shifting money out of EMs to domestic markets.