The share of long-term ‘sticky’ foreign funds including global pension funds, sovereign wealth funds (SWF), central banks and government agencies in Indian equities has been on the rise despite wobbly economic parameters in 2019. The assets under management (AUM) of these funds rose by 20.1 per cent year on year to Rs 6.5 lakh crore ($91.6 billion) while the total AUM of the foreign portfolio investors (FPIs) increased by 11.5 per cent in 2019, according to data from NSDL. The share of the long-term funds in the total AUM of FPIs rose to 21.4 per cent in November 2019, a gain of 333 basis points in the past two years. FPIs’ total AUM at $428 billion accounts for nearly one-fifth of the total market capitalisation of Indian equities. The AUM of the global central banks reported the highest growth followed by government agencies and SWF. The AUM of central banks in Indian equities rose by 50 per cent to Rs 74,772 crore since the beginning of year. Their share increased to 2.5 per cent in November 2019 from 1.8 per cent in December 2018. The rising share of the so called sticky funds will help to some extent in alleviating… Read full this story
- Borenstein: CalPERS piling more pension debt on Californians
- Public worker pensions are a huge cost for N.J. Here’s what Phil Murphy is considering to pay for them.
- State retirees may have to wait for 2% pension pay increase
- Real estate agents join the push for education funding in Pa.You may also be interested in...
- Color of Money: Wow Air's recent shutdown brings a lesson
- Color of Money: What to do right now to improve your 2019 tax return
- 'Goodie By Nature' Launches to Help Save Money with the World's Best Adventure Travel Companies
- Hedge Funds Have Never Been This Bullish On Mastercard (MA)
- What is the Texas Permanent School Fund? And why is the Houston Chronicle investigating it?
- Color of Money: With another government shutdown possible, your tax refund could be delayed
Pension, sovereign funds bring in more ‘sticky’ money have 328 words, post on economictimes.indiatimes.com at December 25, 2019. This is cached page on IT Breaking News. If you want remove this page, please contact us.