Offshore funds, ETFs see $2 bn inflows in Q1 this year
The Dollar Business Bureau Exchange-traded funds (ETFs) and offshore funds in India recorded a net inflow of $2 billion in the first quarter of this year compared to a huge outflow of $1.3 billion in the same period a year-ago. An offshore fund is referred to a collective investment scheme that is not domiciled in the country but primarily invests in its markets. As per a report by Morningstar, offshore funds focused on India witnessed an inflow of $1.46 billion, whereas ETFs registered an inflow of $509 million, making the total at $2 billion. During the quarter of October-December last year, this category had registered a net inflow of $449 million. The category saw net inflows of $196 million during the quarter July-September 2016. However, ...
Global gold demand declines 18% during Q1 of 2017: WGC
The Dollar Business Bureau The global demand for gold fell by 18% to 1,034 tonnes during the January-March period of 2017, primarily due to fewer inflows into the exchange-traded funds (ETFs) and slow central bank demand, as per the World Gold Council (WGC). The overall global demand for gold stood at 1,262 tonnes in the first quarter of 2016, as per the latest report on Gold Demand Trends by WGC. “Demand is down but that is largely because Q1 last year was exceptionally high. Although we did not see the record-breaking surges in ETF inflows experienced in Q1 2016, we have seen good inflows nonetheless this quarter, with strong interest from European investors ahead of the Dutch and French elections,” said Alistair Hewitt, ...
Listed foreign funds bring in $1.3bn into the country
The Dollar Business Bureau There has been a record inflow of over $1.3 bn from foreign funds into India in month of August. This is primarily an infusion of strong capital into passive funds, reported Kotak Institutional Equities report. "Listed fund flows to India recorded USD 1.34 billion in August with strong inflows in passive funds at USD 845 million,” said the report. In comparison there has been $1.2 bn in July after 332 mn were withdrawn in June. Overall the country has seen an infusion of $545 million till date this year. Taiwan is the other country that attracted an inflow of $1 bn. The listed funds – ETF’s or passive exchange traded funds and active non-ETFs- generally attract large amounts of ...
