Excluding China, Asia Funds Do Well in May

July 15, 2011 (PLANSPONSOR.com) - Excluding China, long-term funds in Asia collected over $15 billion in net flows during May, according to data from Strategic Insight, an Asset International company.

Japan led the way with $11 billion, followed by Korea ($1.9 billion), Hong Kong ($1.3 billion) and Taiwan ($1 billion). The smaller Southeast Asian countries collectively garnered $1.3 billion in new money for the month.   

In Japan, real estate funds were the clear winners for the month, taking in a net $4.6 billion. Bond high yield funds posted a $2.4 billion net inflow. The largest net outflow ($1.7 billion) was posted by funds in the bond global category.  

In Hong Kong, equity Asia Pacific funds led the way ($709 million), followed by bond Asia Pacific ($604 million).  

In China, 20 new launches took in $6 billion in May, while existing funds were in net redemptions ($8.8 billion).  

SI noted that China funds report assets on a quarterly basis, except for new fund IPOs. China monthly flows are adjusted in the quarter-end releases based on Strategic Insight’s proprietary research.  

More information is at http://www.strategicinsightglobal.com.