Market round-up: Allocation to India by Asia ex-Japan funds down1 min read . Updated: 26 Jul 2017, 11:53 PM IST
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Allocation to India by Asia ex-Japan funds came down to 13% in June from 13.3% in May, according to Kotak Institutional Equities’ latest foreign fund-flow tracker. The measure was at 13.6% in April. Fund allocation to India by global emerging market (GEM) funds came down to 10.8% from 11% earlier. “Allocation by Asia ex-Japan non-ETF (exchange-traded funds) funds to India came down to 13.7% from 13.9% in the previous month," said Kotak, adding that allocation to India by GEM ETF funds remained around 9.8%. Allocations to India and China constitute more than one-third of the average Asia ex-Japan fund portfolio.
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