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Russia performs the worst of the BRICs for weekly fund flows

November 2, 2009

By Ivan Anderzhanov in Moscow

Russia-dedicated funds last week registered an outflow of some $43m, which broke its the run of eight consecutive weeks of positive flows.

According to data compiled by global fund tracker EPFR, Russia-dedicated funds had attracted a record $451m for the week ending October 28. However, this was followed  $43m outflows for the week ending October 28.

In relative terms this was the worst performance among Russia's peer group, as Chinese funds saw inflows of some $190m, Brazilian funds added $90m, and Indian funds added $57m.

Inflows across emerging markets universe slumped which reflected the sell-off across the global equity markets. Overall emerging markets funds saw inflows more than halving to $2.3bn compared with the previous week's inflow of $4.6bn.

Inflows into EMEA shrunk to  $104.6mn from the previous week's $677.5m.

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