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
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."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thai power demand hits record as extreme heat prompts warnings
Philippines denies deal with China over disputed South China Sea shoal
‘Everyone sits out’: Yangon parks offer heatwave relief
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia