ETFs hold up better than active funds in India-focused offshore funds' March quarter selloff
The 10 largest India-focused offshore funds and ETFs together saw assets decline 22% to $31 billion. The iShares MSCI India ETF remained the largest offshore India investment vehicle with assets of $6.7 billion, though it also recorded the biggest quarterly outflow at $1.46 billion. The top 10 funds, according to the report, now account for nearly 40% of the total assets in the India-focused offshore fund and ETF category. All the funds witnessed a fall in their assets during the quarter.
The 10 largest India-focused offshore funds and ETFs together saw assets decline 22% to $31 billion. The iShares MSCI India ETF remained the largest offshore India investment vehicle with assets of $6.7 billion, though it also recorded the biggest quarterly outflow at $1.46 billion. The top 10 funds, according to the report, now account for nearly 40% of the total assets in the India-focused offshore fund and ETF category. All the funds witnessed a fall in their assets during the quarter.
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