The Russian market was down 1.4% on significant trading volumes of USD 4.7bn combined, which is 1.8x ADTV of the last month.
This morning, EPFR reports that Russian equities posted marginal outflows of USD 39mn (0.08% of AuM) over the week ending 4 July. This is in line with the 4-week average outflows of USD 11mn (0.02% of AuM). Russia-dedicateds posted USD 42mn (0.32% of AuM) of outflows. GEM funds attracted USD 11mn (0.05% of AuM) into Russia. Overall, EM funds were almost flat attracting a tiny USD 14mn.
As we go to print, the NIKKEI is trading in negative territory, down 0.7% on average. Oil (dated Brent) is continuing its slide below 100 at -1.2%. EUR is at 1.238; Gold is a hair marginally lower at USD 1,604/oz.