Investors Pull $90M From Russia-Oriented Funds in Week to Dec. 4

By The Moscow Times

Dec. 8, 2013

Almost $90 million flowed out of funds dealing in Russian shares in the week from Nov. 28 to Dec. 4, marking the sixth continuous week of losses for these funds, according to Emerging Portfolio Fund Research.

The majority of the capital outflow, $70 million, was from exchange traded funds, while traditional funds lost only $15 million, UralSib Capital said, Vedomosti reported Friday.

Outflow from global emerging market funds rose to $1.4 billion this week, its second-highest level since the beginning of September.

Russia lost more than any other developing country except India, which saw an outflow of $100 million.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue