Asia Funds Attract $15B in June

Japan led the way and garnered $9 billion, followed by Taiwan ($3 billion) and Hong Kong ($2 billion). Two ETFs in Taiwan Polaris Taiwan, the Top 50 Tracker Fund and Fubon MSCI Taiwan ETF, and two U.S. REIT funds in Japan, the Shinko US-REIT Open and Nikko Lasalle Global REIT Monthly Settlement, were the best-selling products in the region, each collecting at least $1.2 billion in net new cash for the month.  

In Japan, Real Estate funds were most popular for the month, pulling in $5 billion. Bond High Yield ($2.6 billion) and Bond Asia Pacific ($1.8 billion) followed. Bond Global funds had the highest net outflow of $1.9 billion.  

For Taiwan, Equity Asia Pacific was the top fund flow category, with a $3.7 billion net inflow. Investors pulled out of Money Market funds, which posted a net outflow of $1.4 billion.  

Equity Asia Pacific funds were also favored in Hong Kong, pulling in a net $1.2 billion, while Bond Global funds had the highest net outflow of $22 million.  

In Korea, where the industry posted a net outflow of $1.9 billion, investors pulled out of Money Market funds ($3.2 billion), and Equity Asia Pacific funds had the biggest net gain, at $1.3 billion. However, Money Market funds were favored in India, pulling in a net $2.4 billion, while Bond Asia Pacific funds posted the largest net outflow of $1.8 billion.  

In China, where fund flows are updated quarterly, investors favored Equity Asia Pacific funds ($3.3 billion), followed by Guaranteed/Protected funds ($2.5 billion) and Bond Asia Pacific funds ($2 billion). The quarter saw a total net inflow of $3.8 billion.