Since March, globally mandated funds have accounted for approximately 45% of equities inflows, making them the only category exhibiting significant momentum.
The most recent Global Liquidity report from Elara Capital shows that, despite India’s ongoing outflows, international investors are shifting to diversified equities funds as market volatility increases.
Since March, globally mandated funds have accounted for about 45% of equities inflows, making them the only category exhibiting significant momentum.
As per the report:
United States – 63%
Japan – 5%
United Kingdom – 3.3%
Canada – 3%
Germany – 2.2%
Taiwan – 2%
France – 2.3%
China – 2.5%
Switzerland – 2.3%
India – 1.7%
6th consecutive week of net redemptions in India-focused funds
Latest week: $78 million (Rs 647 crore)
Previous week: $387 million (Rs 3,212 crore)
Week before that: $700 million (Rs 5,810 crore)
ETFs: Outflow of $220 million (Rs 1,826 crore)
Long-only funds: First inflow in 7 weeks, $140 million (Rs 1,162 crore)
Inflows driven by Ashoka White Oak ESG Funds along with HSBC Global Investment Funds
India is still in its worst flow period since the October 2024–March 2025 sell-off, when $4.4 billion (Rs 36,520 crore) left the country, according to the research. China has benefited greatly from the $1.9 billion (Rs 15,770 crore) in outflows since July 2025.
Gold is in demand and junk bonds are seeing outflows
At $127 million, global high-yield bond funds had their first withdrawal in 17 weeks. Significant declines in developing markets have accompanied previous pullbacks in this category (late 2024 and early 2025), thus the most recent shift might be an early risk-off warning.
However, gold funds continued their run of safe haven investments, as inflows increased to $3.8 billion from $130 million the week before. Over the last 14 weeks, gold ETFs have had net inflows of $41 billion.