Date:23/06/2005 URL: http://www.thehindubusinessline.com/2005/06/23/stories/2005062302940100.htm

Back Japanese investors buying heavily

Our Bureau

Mumbai , June 22

JAPANESE investors have again entered the Indian equity with huge purchases during last week and this week.

According to brokers, most of the FII purchases seen during the period are from investors based in Japan.

They added that several international fund houses have launched India-dedicated funds in Japan.

Infosys Technologies's second sponsored ADS also received good subscription from Japanese investors this year.

In the last five trading sessions, net purchases by FIIs in equities stood at Rs 1,800 crore, while this month their net investment in equity has been Rs 1,831 crore.

In March this year, Fidelity Investment's `Fidelity Global Selection - India Advantage Fund' corpus crossed $1 billion, which was subscribed to by Japanese investors.