Asia FlowWatch - August 2015 Results
In August 2015, long-term funds in Asia (excluding existing funds in China, which report data on a quarterly basis) saw about US$24 billion in net flows, of which US$12 billion came from Japan and US$4 billion each from Korea and India. Equity funds led with US$14 billion mainly from Japan, followed by mixed asset (US$4.4 billion) and ‘other’ funds (US$3 billion), while real estate, bond and guaranteed products garnered less than US$1 billion each.
Equity Asia Pacific was the top selling category during the month, attracting nearly US$12 billion. Bond Asia Pacific and Mixed Flexible also gathered roughly US$3 billion each for the month. In contrast, Bond High Yield experienced US$1 billion in net outflows in August.
At the product level, ETFs took the top two spots of bestselling funds, with Nomura NF Nikkei 225 Leveraged Index ETF in Japan and Korea’s Samsung KODEX Leverage Derivatives ETF collecting US$2.5 billion and US$0.9 billion respectively during the month. Due to sharp declines in Chinese stock markets since June, new fund launches in China slowed down dramatically in August.
UBS SDIC JinBao Guaranteed Hybrid Fund and Maxwealth Quantization Mixed Fund were the only Chinese funds ranked within the 10 bestsellers and they together raised US$1 billion during August.