Outflow from funds investing in Russia amounted to $ 3 million in a week

The net outflow of funds from funds investing in Russian assets and bonds (including funds focused not only on the Russian Federation) amounted to $ 3 million for the week ended May 26, BCS Global Markets reports citing data from Emerging Portfolio Fund Research. A week earlier, the net inflow to funds investing in Russia amounted to $ 64 million.

“Investors in emerging markets (EM) are winning back on accelerating inflation against a weak dollar and positive momentum in the global economy by increasing their EM positioning. The overall picture in Russia looks mixed – hopes for the upcoming RF-US summit are undermined by the negative global news background, ”says Vyacheslav Smolyaninov, chief strategist at BCS Global Markets.

Read about the inflow of investments into the Russian Federation in 2020 in the material of “Kommersant” “Net direct investments are again not in favor of Russia.”