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Flows to India stock funds drop as investors hold back

Bloomberg Inflows into Indian equity funds shrunk to the lowest in more than three years last month after the record-hitting rally in stocks despite a faltering economy gave investors pause. Stock plans received 13.1 billion rupees ($184 million) in November, according to the Association of Mutual Funds in India. That compares with 60.2 billion received in October, and is the ...

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Sri Lanka’s LOLC prepares to sell biggest overseas unit

Bloomberg LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd, which also counts Hong Kong’s Bank of East ...

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Japan bonds rebound as benchmark yield’s 0% rise spurs demand

Bloomberg Japan’s bonds rebounded as an advance in the benchmark yield to zero for the first time in nine months lured investors back. The 10-year yield dropped to minus 0.025% after climbing to 0% earlier on Tuesday. Japanese bond futures also bounced back from a one-year low. “There is extremely strong demand from investors when the 10-year yield touches zero,” ...

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