During February 2017, long-term funds in Asia (excluding existing funds in China, which report data on a quarterly basis) garnered US$12.2 billion in net flows. Equity funds led the contributions with US$7.8 billion, followed by mixed products (US$3.5 billion), bond vehicles (US$1.8 billion) and guaranteed funds (US$0.07 billion). These gains, however, were slightly offset by the US$1.1 billion experienced in collective redemptions by real estate and ‘other’ products.
Equity Asia Pacific was the top selling investment category in February raising US$4 billion in net flows, primarily from Equity products in Japan. Equity Global funds also attracted US$3.2 billion in net new money. By comparison, Alternative funds suffered net outflows of US$0.8 billion during the month.
At the product level, two Topix ETF funds from Japan topped the bestseller list for the second month in a row. Nomura Topix Exchange Traded Fund and Nikko Listed Index Fund TOPIX, accumulated US$1.5 billion and US$1.2 billion in net deposits, respectively.