Russians funds lost $60 million over the past week, a trend continuing for nine straight weeks, says a report by a financial data centre.

      According to EPFR Global, low GDP growth rates forecasted at 3-3.5% have not impressed investors who have chosen to channel their funds into other GEM (Global Emerging Market) funds, with Chinese institutions drawing some $900 million.

      Russia has been an outsider among other emerging economies, says Sergey Suvorov, from Russian Standard Management Company.

      Vyacheslav Smolyaninov, a strategist expert at Uralsib Capital, thinks that Russia will become popular with investors in mid-2013, when national economy is expected to pick up steam.

      EPFR Global provides fund flows and asset allocation data to financial institutions around the world, delivering a complete picture of institutional and individual investor flows and fund manager allocations driving global markets.