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India funds & ETFs pulled out $1.2 bln in March quarter

Posted on 24 April 2013

Indian-dedicated funds and ETFs have sold shares worth $1.2 billion during the March quarter as concerns mount over implementation of reforms amid lingering political uncertainty. The funds and ETFs, which sold the shares, include the likes of HSBC, Fidelity, JPMorgan, Lyxor, WisdomTree and iShares, data from US-based global fund tracker Morningstar shows.
The benchmark index Sensex fell over 3.5% during this period, despite foreign institutional investors (FII), which can access Indian stock markets, having pumped close to $10 billion into Indian equities………………………………………..Full Article: Source


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