In March 2017, long-term funds in Asia took in US$47.3 billion. China led the way with US$41.7 billion in net deposits, while Japan and Thailand followed with US$15 billion and US$1.7 billion, respectively. Meanwhile, India experienced the most outflows with US$7.9 billion in net redemptions.
Bond Asia Pacific products garnered US$16.1 billion in net new money during the month, making it the bestselling fund category in the region. Mixed Flexible funds followed with an aggregate US$13.1 billion, while Equity Asia Pacific saw inflows of US$7.7 billion. In contrast, Guaranteed and Real Estate Equity products saw the largest outflows during the month, with a collective US$1.1 billion in net outflows.
At product level, the ICBCCS FengChun 6 Months Open Bond Fund, was the best-selling product, with over US$13 billion in net new cash. Nomura Topix Exchange Traded Fund and Daiwa ETF Topix, two Japan-domiciled ETF products, followed with an aggregate US$4.9 billion of net subscriptions.