India, Japan must enhance quality of economic cooperation: Jaishankar
External Affairs Minister S Jaishankar on Tuesday said India and Japan must consider ways to enhance the quality of their economic cooperation in a world under flux.
Listed foreign funds pumped in $1.7 billion into India during March-the highest flows among the emerging countries, says a report.
As per foreign fund-flow tracker report by Kotak Institutional Equities, the strong fund flows for March were largely driven by Exchange Traded Funds (ETFs) inflows of $1.1 billion. Non-ETF fund inflows stood at $620 million.
The listed funds-passive exchange-traded funds (ETFs) and active non-ETFs- generally account for a large part of foreign portfolio investor (FPI) activity in India.
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For listed fund flows to emerging markets, India is followed by Taiwan and Brazil, which have seen listed foreign fund inflows to the tune $937 million and $785 million respectively.
“Listed fund flows to India remained positive in March. India has seen $1.7 billion of inflows, driven by strong ETF inflows of $1.1 billion,” the report said.
“Emerging market flows-India has seen strong inflows of $1.7 bn in March, followed by Taiwan and Brazil,” it added.
The report also noted that allocations to India and China constitute more than one-third of the average Asia fund portfolio (excluding Japan).
“Allocation to India by Asia ex-Japan funds has marginally decreased to 13.6 per cent,” the report said.
“Allocation by Asia ex-Japan ETF funds to India increased to 9.6 per cent from 9.1 per cent in the previous month,” it added.
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