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For the first time in five months, international investors have shown interest in developing countries’ funds. According to a report by Bank of America (citing Emerging Portfolio Funds Research, EPFR), inflows to emerging markets amounted to almost $ 6.02 billion last week. This turned out to be a record value since the end of January 2018.
A positive result was obtained thanks to the return of investors to Chinese funds. According to EPFR, their net inflow amounted to more than $ 6.13 billion; this is the first positive result in three months and a record volume since 2015. Among the BRIC countries, only Brazil showed a positive result, in whose funds investors invested $ 38 million.
Interest in the Chinese market has made the country's indices the growth leaders. According to Reuters, the Shanghai Composite index reached 3,456 points last week, the highest since February 2018. Since the beginning of July, it rose by more than 13.4%, almost 2.4 times covering the growth rate of another dynamic index, the NASDAQ Composite (5.5%). The remaining leading world indices at best added within 3% for this period.
source: reuters.com
A positive result was obtained thanks to the return of investors to Chinese funds. According to EPFR, their net inflow amounted to more than $ 6.13 billion; this is the first positive result in three months and a record volume since 2015. Among the BRIC countries, only Brazil showed a positive result, in whose funds investors invested $ 38 million.
Interest in the Chinese market has made the country's indices the growth leaders. According to Reuters, the Shanghai Composite index reached 3,456 points last week, the highest since February 2018. Since the beginning of July, it rose by more than 13.4%, almost 2.4 times covering the growth rate of another dynamic index, the NASDAQ Composite (5.5%). The remaining leading world indices at best added within 3% for this period.
source: reuters.com
