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India a safe haven in emerging-market storm, says IIF
Fund managers raise their allocations to India equities, even as emerging markets, excluding China, are having net outflows
Add BT as a preferred sourcePublished Wed, Jul 29, 2015 · 09:50 PM
Tokyo
FUND flows from advanced to emerging markets suffered severe turbulence in July, including heavy net outflows, although India markets have proven to be a refuge in the emerging-market storm, the Washington-based Institute of International Finance (IIF) said.
Sonja Gibbs, its director of capital markets, said on Wednesday, upon the release of the institute's latest data: "The share of emerging-market assets in fund investors' portfolios has dropped to a post-crisis low."
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