Asia fund inflows shrinking in global terms

Asia’s contribution to net global fund inflows almost halved to 11% in the first six months of this year from H1 2012, part of a continued slide since the start of last year, finds research firm Strategic Insight. Heavy redemptions from money-market funds in China and India in June dragged down net inflows for Asia-domiciled funds to $52.6 billion for the first half. That makes up just 11% of global fund inflows of $473.6 billion for the period, down from 20.4% in the first half o…