The fund flows that are coming into India are purely hot money as of now is the word coming in from Cameron Brandt, Director-Research, EPFR Global, adding that one has seen an inflection point with respect to money moving back into emerging market funds. The long only funds into India are still cautious but the tide is slowly beginning to turn encouraged by recent Budget. However, they are still waiting for Modi’s reforms to bear fruit for more conviction and so are moving very slowly, says Brandt. However, he expects India to do well this year in terms of fund flows on back of good tailwinds from cheaper oil, stable monetary policy, no negatives from global trade etc.
For more news visit us at
http://www.marketmagnify.com/services.php
• Godrej Properties expects Rs 3K-crore revenue from Greater Noida township
ReplyDelete• Reliance Industries partners consider joining arbitration in $1.55 bn gas row
• PNB Q2 net profit dips 11.5% to Rs 549 crore
Crude Intraday Tips