According to Cerulli Associates’ most recent Asia report, there were a total of 185 funds in the region that were launched in January this year, with China leading the region in terms of assets flowing into new funds.
Around $10.4bn were invested into new funds launched in China, with the bulk of them going into bond funds, according to the report.
The fund that attracted most assets in China was a passive product: the BOCOM Schroders ChinaBond 1-3 Y ADBC Bond Index Fund, which raised $1.5bn in assets in January. This was followed by QHKY Fund Management’s Qianli 3-M Interval Bond Fund ($715.9m) and Fullgoal Fund Management’s Short Term Bond ($611.7m).
Thai investors contributed the second most assets to new funds – at $1.9bn – with a preference for bond funds, according to the report.
Taiwan and Hong Kong
Taiwanese investors were also keen on bond funds, particularly target maturity bond products, which attracted $496.1m of net inflows in January.
Two of the three most popular products in Taiwan were target maturity funds, which are the Invesco Fixed Maturity Selective Emerging Market Bonds 2025 ($231.1m) and the Schroder 2025 Maturity Emerging Market First Sovereign Bond ($111.8m). The other fund that gained the most inflows was First Securities Investment Trust’s Global Artificial Intelligence Fund, which raised around $118.7m in assets.
In Hong Kong, the new products that raised most assets are managed by BEA Union Investment Management, which are the BEA Union Investment Money Market Fund ($73.3m) and the Asian Bond Target Maturity 2022 ($57.2m).
