Don't blame any investor class for market volatility: ASIFMA

Aug 25 2013, 14:36 IST
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SummaryStriking an optimistic note, the grouping emphasised that periodic corrections, even sharp ones, tend to get reversed in the longer term.

is growing expectation that the US Federal Reserve would reduce the pace of its purchases of American treasuries.

"This in turn, has re-directed flows away from emerging market countries and towards the developed world - as a consequence, India too has been caught in this 'cross-fire," ASIFMA said.

Over the years, India has been looking to attract more foreign funds into the country, both FDI and FII.

"However, policies such as the adoption of 'retro-active' measures, be it in the field of taxation (such as GAAR) tend to be viewed negatively by international investors, FIIs and other market participants," ASIFMA said.

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