STAYING IN THE HUNT

FOCUS Graphiti 10,535 INDIA Global emerging market (GEM) and Asia ex Japan (AxJ) funds have raised their 3 exposure to indian stocks in recent months despite the economic slowdown ArJ funds 25% GEM funds 20% L0% Aug Jure Aug 02 STAYING IN THE HUNT Figurn show inceaseloecrease in India weightage 4 1,491 Top five FIl picks in 2012 %24 SOUTH KOREA Is the India growth story losing steam? Whatever India's macroeconomic indicators, global investors do not think so. Foreign institutional investor (FII) inflows into the Indian stock markets have scaled record highs so far in 2012. Indeed, Fls have preferred India to all other Asian markets this year, according to BNP Paribas's "India Market Outlook" report. Fils though have preferred to minimise risks by building a defensive portfolio, focusing on consumer staples, banks, IT and pharmaceuticals 564 India has 553 2$ 496 received unprecedented FIl inflows in 2012. 349 HOFC Tata Motors TCS ITC HOFC Bank Figures in Smilion stow cumtive fors into specifie stacks til ay 200 Graphic by Santosh Kushwaha $0 704 INDONESIA Domestic Institutional investors (Dils) have pared their exposure to Indian equities in 2012, a contrast to the strategy adopted by Fils 000 Figures in Smilion . 200 2 -as Asian and global funds have accumulated stocks, contributing a significant chunk of the inflows into the country this year. India dedicated funds though have been net sellers $0 t000l GEM funds Asiapan unds India Dedicated funds | 1,707 2,623 6 The Indian stock market though has not had a spectacular year despite the surge in FIl inflows 1.432 India Dedicated ET" 128 Global ET" 104 1932 2688 Figures in Smillon *Dobal emerging market funds "Exchange taded funds 6.3% Stait Times Inder Singapore) BSE SENGEN Jakarta Composite (Indonesa OSPI Gouth Kornal AugR Al figures til Auguat 3200 %24 -2,362 TAIWAN 2,092 THAILAND 5,885