New money has continued to flow into Russia-focused equity funds for the ninth week out of 10 despite more than $6bn (€4.4bn) of net withdrawals from other country-specific emerging market funds since the start of the year.

The net inflow of equity funds into Russia by global investors was $75m in the week to March 12, taking to $968m the total of new money into Russian equity funds since the start of January, according to data provider EPFR Global.