Print this article
India Logs Highest Fund Infows, Australia Sags - Lipper
Vanessa Doctor
17 November 2009
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.