$1.6 bn outflows from emerging market stock funds
Investors pulled out USD 1.64 billion from emerging market funds in third week of May 2011 for the first time in two months.
Emerging market funds lost USD 1.64 billion accounting for a major portion of a total outflow of USD 7.07 billion in global emerging market funds, according to the data complied by the international fund tracking firm EPFR.
This was the first time since third week of March that emerging market funds saw outflows on renewed concerns over Greek's debt and withdrawal of economic stimulus from the Federal Reserve on cards.
The emerging market funds lost an onflow component too but it was not disclosed ,the outflow for emerging market funds in India seems to be around USD 998 million according to statement made by SEBI.