Russia has a relatively small 5 percent share in MSCI’s emerging equity index, but given $1.3 trillion is benchmarked to that index, a lot of money is at stake.Ĭhina appeared well placed to benefit as domestic factors, which had caused an early year blip in Chinese equities, began to improve just as tensions between Russia and the West reached their high point. The outpouring of money from Moscow has led analysts to ask: where is all this cash going?Īs funds exited Russia, emerging equity funds as a whole, tracked by EPFR, drew buoyant flows totalling more than $10 billion over July and the first week of August. Boston-based EPFR is estimated to capture some 15 percent of global fund flows. Investors pulled $353 million from Russia equity funds in July and $172 million in the week after a Malaysian passenger plane was brought down on July 17 over rebel-held eastern Ukraine, according to fund tracker EPFR. Sanctions placed on Moscow for its perceived role in the Ukraine crisis do not yet bar holding shares of Russian companies that are viewed as close to the Kremlin.īut investors have been exiting all the same, fearing more sanctions that could pull other Russian assets into the net.ĭata, which may not capture the latest exodus, shows that more money left Russian stocks and bonds in mid-July than at any other time in the last six months. In the bond market too, anyone who bought rouble-denominated debt this year would have lost 14 percent, according to JPMorgan’s GBI-EM index. Russia has performed worse than any other big emerging market so far in 2014, with stocks down 17 percent in dollar terms and the rouble losing 9 percent. Leaders of Brazil, Russia, India, China and South Africa are holding an annual summit in Brazil this week where they are expected to sign a deal creating a $100 billion development bank and a currency reserve fund of the same amount. Normally, glitchy text is not well visible on all platforms and apps, but you can still enjoy it on Twitter, Facebook, Whatsapp chat without any issue.China's President Xi Jinping (R) delivers a speech during the VI BRICS Summit in Fortaleza July 15, 2014. ![]() with the help of Duck Soup Copy™ engine, you do not need to select and manually copy the text, but a single click or tap will be enough to do the job. to copy and paste the produced scary letter you just need to click or tap on the text. Glitch aka Zalgo text has become very popular across the Internet memes community especially in the culture of surreal memes. ![]() for example, words like Á (a-acute) have diacritics(apostrophe like letters above the A). The glitch text is assembled using the stack of Acute accent Diacritic Unicode letters over the text. it is also known as Zalgo Text Generator, Corrupted Text Generator, Cursed Text Generator, Distorted Text generator. ![]() we precisely customized the glitch text engine to change the glitch level of the text using the craziness intensity, you can drag the craziness level to adjust the amount of distortion on the text on the fly. which you can easily copy and paste by clicking on the text. ![]() Glitch text generator allows you to change the normal text into glitch text.
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