Hefty losses at foreign funds with holdings in Sri Lankan equities
Friday, July 29, 2022
© Reuters. FILE PHOTO: A woman sits next to her filled domestic cooking gas cylinder after its distribution, amid the country's economic crisis, in Colombo, Sri Lanka, July 23, 2022. REUTERS/Adnan Abidi (Reuters) - Foreign mutual funds which have exposure to Sri Lankan equities have posted steep losses in their net asset values this year, prompting their fund managers to look for ways to trim their holdings and switch to alternative markets.
According to Refinitiv Lipper, the top eight overseas funds that have exposure to Sri Lanka have dropped 14.8% this year on average. That's a lot better than the Sri Lanka's CSE All-Share index's decline of 38% so far in 2022.
YTD performance of funds exposed to Sri Lankan equities: https://tmsnrt.rs/3S7ST7V
The Tundra Sustainable Frontier Fund A SEK, which had about 3.14% exposure to Srilanka, has lost 10.52% this year, while Harvest Asia Frontier Equity J JPY Acc and Holberg Rurik A declined 9.6% and 14.5%, respectively.
"During 2022, it(Sri Lankan exposure) has negatively impacted our performance by ca 3% (USD)," said Mattias Martinsson, chief investment officer at the Swedish fund manager Tundra Fonder AB. "Our stock-selection in Vietnam and Indonesia has helped us to outperform our benchmark (MSCI FMxGCC Net TR) despite the negative impact from Sri Lanka," he said.
Overseas funds that have holdings in Sri Lankan equities have also faced sharp outflows in the past few months.
The iShares MSCI Frontier and Select EM ETF witnessed $50.12 million worth of net selling in first half of the year, while Coeli Frontier Markets I SEK had outflows worth $19.6 million.
Sri Lanka is facing its worst economic crisis in seven decades, unable to pay for essential imports such as fuel and medicine due to a severe shortage of foreign exchange.
Money flows in funds exposed to Sri Lankan equities: https://tmsnrt.rs/3vm7Qtk
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APPROVED BROKERS
13-08-2022 15:41:14 (UTC+7)
EUR/USD
1.0261
-0.0056 (-0.54%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
EUR/USD
1.0261
-0.0056 (-0.54%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
GBP/USD
1.2135
-0.0076 (-0.63%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (5)
USD/JPY
133.46
+0.46 (+0.34%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
AUD/USD
0.7121
+0.0016 (+0.23%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (6)
USD/CAD
1.2774
+0.0013 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
EUR/JPY
136.93
-0.29 (-0.21%)
Summary
SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (3)
EUR/CHF
0.9659
-0.0046 (-0.48%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (3)
Gold Futures
1,818.40
+11.20 (+0.62%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (9)
Sell (0)
Silver Futures
20.835
+0.486 (+2.39%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Copper Futures
3.6783
-0.0282 (-0.76%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
91.88
-2.46 (-2.61%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (8)
Sell (0)
Brent Oil Futures
98.01
-1.59 (-1.60%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (1)
Natural Gas Futures
8.780
-0.094 (-1.06%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
US Coffee C Futures
227.53
+3.58 (+1.60%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Euro Stoxx 50
3,776.81
+19.76 (+0.53%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (6)
S&P 500
4,280.15
+72.88 (+1.73%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
DAX
13,795.85
+101.34 (+0.74%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (4)
FTSE 100
7,500.89
+34.98 (+0.47%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (2)
Hang Seng
20,175.62
+93.19 (+0.46%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
US Small Cap 2000
2,013.09
+37.84 (+1.92%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
IBEX 35
8,400.40
+20.40 (+0.24%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
BASF SE NA O.N.
44.155
+0.730 (+1.68%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (2)
Bayer AG NA
54.15
+2.47 (+4.78%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
Allianz SE VNA O.N.
181.08
+2.08 (+1.16%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (3)
Sell (6)
Adidas AG
173.20
+1.18 (+0.69%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Lufthansa AG
6.588
+0.062 (+0.95%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
Siemens AG Class N
111.84
+1.92 (+1.75%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Deutsche Bank AG
9.061
+0.197 (+2.22%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (0)
| EUR/USD | 1.0261 | ↑ Buy | |||
| GBP/USD | 1.2135 | ↑ Sell | |||
| USD/JPY | 133.46 | ↑ Sell | |||
| AUD/USD | 0.7121 | ↑ Sell | |||
| USD/CAD | 1.2774 | ↑ Buy | |||
| EUR/JPY | 136.93 | Sell | |||
| EUR/CHF | 0.9659 | ↑ Sell |
| Gold | 1,818.40 | ↑ Buy | |||
| Silver | 20.835 | ↑ Buy | |||
| Copper | 3.6783 | ↑ Buy | |||
| Crude Oil WTI | 91.88 | ↑ Buy | |||
| Brent Oil | 98.01 | Buy | |||
| Natural Gas | 8.780 | ↑ Buy | |||
| US Coffee C | 227.53 | ↑ Buy |
| Euro Stoxx 50 | 3,776.81 | Sell | |||
| S&P 500 | 4,280.15 | ↑ Buy | |||
| DAX | 13,795.85 | Neutral | |||
| FTSE 100 | 7,500.89 | Neutral | |||
| Hang Seng | 20,175.62 | ↑ Buy | |||
| Small Cap 2000 | 2,013.09 | ↑ Buy | |||
| IBEX 35 | 8,400.40 | ↑ Sell |
| BASF | 44.155 | ↑ Buy | |||
| Bayer | 54.15 | ↑ Buy | |||
| Allianz | 181.08 | ↑ Sell | |||
| Adidas | 173.20 | ↑ Buy | |||
| Lufthansa | 6.588 | ↑ Sell | |||
| Siemens AG | 111.84 | ↑ Sell | |||
| Deutsche Bank AG | 9.061 | ↑ Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,620/ 6,720 (0/ 0) # 1,655 |
| SJC HCM | 6,660 / 6,760 (30 / 30) # 1,651 |
| SJC Hanoi | 6,660/ 6,762 (30 / 30) # 1,653 |
| SJC Danang | 6,660/ 6,762 (30 / 30) # 1,653 |
| SJC Nhatrang | 6,660/ 6,762 (30 / 30) # 1,653 |
| SJC Cantho | 6,660/ 6,762 (30 / 30) # 1,653 |
| Cập nhật 13-08-2022 15:41:18 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,801.89 | +12.74 | 0.71% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 25.340 | 25.840 |
| RON 95-III | 24.660 | 25.150 |
| E5 RON 92-II | 23.720 | 24.190 |
| DO 0.05S | 22.900 | 23.350 |
| DO 0,001S-V | 24.880 | 25.370 |
| Dầu hỏa 2-K | 23.320 | 23.780 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $91.88 | +0.55 | 0.60% |
| Brent | $97.89 | +0.11 | 0.11% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.220,00 | 23.530,00 |
| EUR | 23.498,00 | 24.813,92 |
| GBP | 27.761,87 | 28.945,83 |
| JPY | 170,70 | 180,72 |
| KRW | 15,50 | 18,89 |
| Cập nhật lúc 15:36:44 13/08/2022 Xem bảng tỷ giá hối đoái | ||
