The Hindu Business Line : India corners 45% of FII flows into Asia in a week

According to latest data published by EmergingPortfolio.com Fund Research, a firm that tracks about $2.5 trillion in assets globally, India received $105 million of a total $238 million that flowed into Asia that week.

In comparison, Korea attracted $37 million during the same period.

Dedicated funds have invested about $1.12 billion in Indian equities so far this year.

That is more than a fourth of all flows into Asia this year and a fifth of a total of $5.2 billion that Asian countries attracted in 2003.

Equity dealers agreed that foreign funds have been active in the past week but expect them to go slow over the next few days.

"The exit poll results have shaken everyone. Foreign investors may not sell, but they may not take new positions either," a dealer said. However, he added that foreign funds continued to buy select stocks through yesterday's carnage as well as today.

Before the exit polls, a large section of investors had believed that the BJP-led alliance would return to power at the Centre without much difficulty. On Monday, exit polls suggested a fractured verdict.

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India corners 45% of FII flows into Asia in a week