Outflow from Russia-focused investment funds surged to $88 million in the week ending Wednesday, up from just $11 million in the week prior, according to data from Emerging Portfolio Fund Research Global.
This increase continues a pattern of alternating positive and negative weeks for Russia-dedicated funds, a reflection of investors' caution in light of the unresolved crisis in Ukraine, according to a report by UralSib Capital.
Most of the outflow was from money leaving exchange-traded funds, while traditional funds continued a two-week growth streak with gains of $31 million.
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