Asia fund industry at inflection point: Aberdeen AM

A convergence of market circumstance has led to an inflection point in terms of mutual fund penetration in Asia this year, suggests Aberdeen Asset Management. Distortions in global bond markets, combined with a re-examination of absolute return strategies and sanctions under Ucits V, have driven investors to look at mutual fund products from a different perspective, the firm notes. Data from Strategic Insight appears to back up this assertion, although not across all markets. Th…