Real estate equity losing - Asia FlowWatch - January 2017 Results

During January 2017, long-term funds in Asia (excluding existing funds in China, which report data on a quarterly basis) garnered US$17.4 billion in net flows. Equity funds led the contributions with US$6.7 billion followed by bond products (US$6.6 billion) while mixed funds gathered US$4.2 billion. These gains were offset by net redemptions of US$0.6 billion experienced by real estate funds.

Equity Asia Pacific was the top selling investment category in January raising US$6.5 billion in net flows, primarily from Equity products in Japan. Bond Asia Pacific funds attracted US$5.3 billion in net new money. By comparison, Real Estate Equity funds suffered net outflows of US$0.5 billion during the month.

At the product level, two Topix ETF funds from Japan, Nomura Topix Exchange Traded Fund and Daiwa ETF TOPIX Fund, topped the bestseller list at the end of January, accumulating US$2.2 billion and US$1 billion in net flows, respectively. TOPIX Exchange Traded Fund (ETF) is a contractual-type open investment trust in Japan. The investment objective of both Funds is to provide investment results that generally correspond to the price and yield performance of Tokyo Price Index.