Asian mutual funds gain $35 billion of inflows
Why the long faces? Asian investors have poured $100 billion of new assets into local and offshore funds year-to-date, says Strategic Insight.
New York-based consultancy Strategic Insight reports mutual funds domiciled in Asia captured net inflows of $35 billion during the second quarter of 2008, despite market turbulence that has damaged net asset values across the region.The numbers mask the reality that some fund managers are benefiting at the expense of others, but in aggregate, the Asian funds industry has enjoyed a strong first half, belying the nervousness now creeping into conversations with industry executives in Ho…
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