Investors pulled out of Russian assets, a record amount

Net capital outflows from Russian assets over the week 12 to 18 March 2020, for the first time in the entire history of observations reached $1.4 billion, according to weekly EPFR Global data.

This is the total net capital outflow from the stock and debt markets of Russia, taking into account all funds that invest in stocks and bonds .

Net capital outflow from Russian stocks with all the funds investing in Russian stocks, during the week 12 to 18 March grew to $640 million from $210 million outflow the previous week, EPFR Global quotes “Interfax”.

This is the fourth week of outflows and the worst since August of 2011 and January of 2008.

Funds investing in Russian shares, withdrew $240 million, while the previous week’s net outflow was $20 million Is the third week of outflows for such funds.

From the Russian bonds was derived $760 million – for the first time in the entire history of observations of operations of all funds investing in bonds of the Russian Federation. A week earlier, was the outflow of $380 million. In bond funds that focus only on Russia for the first time in the last 10 weeks, there was a net capital outflow of $20 million compared to an inflow of $10 million a week earlier.