New Funds in Global Markets – Q1 2015 - Asia, Europe, Cross-Border

 •  Long-term new funds in Asia, Europe, and Cross-Border markets gathered $81 billion in net flows during Q1’15. Asia continued to dominate new product development with 640 launches accounting for 65% of the total new fund flows for the quarter.

•  New long-term product sales in Asia totalled US$53 billion in Q1; US$37 billion of which came from China, followed by Japan (US$7 billion) and Thailand (US$3 billion). 
•  Japan’s Nissay JPX Nikkei 400 Active fund, a fund aiming to be the first active fund to beat the JPX-Nikkei 400 index, was the top selling new fund overall in Q1 with US$906 million. 

•  Jasmine Broadband Internet Infrastructure, launched by BBL AMC, was the third largest close-end infrastructure fund in Thailand and the best seller in Asia ex-Japan with US$1.7 billion net inflows.

•  Roughly 260 new long-term funds in the cross-border space gathered US$7.2 billion in assets, of which equity vehicles received US$2.9 billion, while bond and mixed funds garnered US$1.5 billion each. Morgan Stanley MSCI Emerging Market ESG Equity, a “sustainable investment” fund, topped this quarter’s bestselling chart for cross-border new funds with US$543 million in net flows.

•  New funds in local European markets gathered US$20 billion throughout the first quarter - a sharp contrast to nearly US$40 billion gathered in Q1’14, yet still an uptick in new fund sales from the previous quarter.

•  Northern Trust experienced great success this quarter in Local Europe, gathering US$2.9 billion in new money with the introductions of the Northern Trust Europe Equity Index UCITS FGR Fund, the Northern Trust Developed Real Estate Index UCITS FGR Fund and the Northern Trust North America Equity Index UCITS FGR Fund.