ETF: In September, USD172 million was invested in India-focused ETFs

Mumbai: In September, listed funds received USD362 million in inflows, led by USD295 million in ETF (exchange-traded fund)  inflows. Inflows into India-focused funds totaled USD172 million, driven by USD167 million in non-ETF inflows, while inflows into GEM (global emerging market) funds totaled USD118 million, led by USD251 million in ETF inflows offset by USD133 million in nonETF outflows. Listed emerging market fund flows were mixed for all countries, according to a study by Kotak Institutional Equities.

Inflows into China totaled USD10.8 billion, followed by USD587 million and USD362 million inflows into Brazil and India, respectively. Outflows of USD516 million and USD207 million were recorded in Taiwan and Thailand, respectively. India and Taiwan both had similar patterns in total FPI (foreign portfolio investment) inactivity and EPFR (Emerging Portfolio Fund Research) activity, according to the brokerage.

China and India account for 47 percent of the average Asia ex-Japan fund's holdings. Asia ex-Japan funds upped their allocations to India to 16.3 percent in September from 15.9 percent in August, while GEM funds increased their allocations to 13.1 percent in September from 12.5 percent in August. Asia ex-Japan non-ETF allocations to India grew to 17.1 percent in September from 16.7 percent in August, while GEM non-ETF allocations to India increased to 12.6 percent from 12.2 percent in August. The KIE foreign fund-flow tracker provides a complete picture of the market flow into India by listed funds.

 

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