Market Research
India Logs Highest Fund Infows, Australia Sags - Lipper
Domestic issues appear to be the key drivers of investor
sentiment in Asia, according to a FundFlash review of
the region's sales performance by
Lipper FMI.
Relatively mature investment markets Japan and Australia
delivered polar performances in the quarter to September, with
Japan moving aggressively toward equities, real estate and
high-yield bonds, and all Australian asset classes going into the
red.
South Korea saw its first quarter advances wiped out from a surge
in redemptions, amounting to $16 billion.
Of the Asian countries, India emerged the strongest, posting net
inflows of $26 billion, although Lipper predicts that a new
regulatory ban on sales commissions will hamper future
inflows.
Net sales for the region totalled at $21.3 billion.
