Apac investors search for global equity funds

Data

Not one fixed income fund made it onto Evestment’s most viewed funds list for 2018.

Nineteen out of the top 20 most researched funds last year by Asia-Pacific (ex-Japan) institutional investors and consultants were equity funds, according to data compiled by Evestment. There was one hedge fund, which is a global quant fund managed by AQR Capital Management.

Although the results are similar to the most viewed funds in the middle of last year, for the full year 2018 only one US-focused equity fund made it on the list compared to five last year.

Now global equity funds dominate, followed by five global emerging market funds.

Top 20 most viewed products  in 2018

RankFirmProductInvestment RegionAsset Class
1MFS Investment ManagementMFS Global EquityGlobalEquity
2Veritas Asset Management LLPVeritas Global Focus FundGlobalEquity
3Baillie Gifford & CoLong Term Global GrowthGlobalEquity
4GQG Partners LLCGQG Global EquityACWIEquity
5GQG Partners LLCGQG Emerging Markets EquityGlobal Emg MktsEquity
6Walter Scott & Partners LimitedGlobal StrategyGlobalEquity
7WEDGE Capital Management, L.L.P.QVM Small/Mid Cap ValueUnited StatesEquity
8Nuveen, a TIAA CompanyTIAA Investments CREF Stock AccountGlobalEquity
9AQR Capital Management LLCEmerging Enhanced EquityGlobal Emg MktsEquity
10Oaktree Capital Management, L.P.Oaktree Emerging Markets EquityGlobal Emg MktsEquity
11Sanders Capital, LLCGlobal ValueGlobalEquity
11Aberdeen Standard InvestmentsEmerging Markets EquityGlobal Emg MktsEquity
11AQR Capital Management LLCManaged Futures StrategyGlobalHedge Funds
14Coronation Fund Managers LimitedCoronation Global Emerging Markets Equity StrategyGlobal Emg MktsEquity
15Jupiter Fund Management PlcUK Equity Value (Ben Whitmore)United KingdomEquity
16Hosking Partners LLPGlobal EquitiesGlobalEquity
17Hexavest Inc.Hexavest Global EquityGlobalEquity
17Arrowstreet Capital, Limited PartnershipGlobal Equity – ACWIACWIEquity
19Sands Capital Management, LLCGlobal GrowthGlobalEquity
19Sustainable Growth Advisers, LPFlagship Global Growth EquityGlobalEquity
Source: Evestment. Institutional investors and consultants in Asia-Pacific (ex-Japan).

The most researched fund is the MFS Global Equity Fund. The product is tilted toward growth companies in terms of  style, with healthcare (19.81% of the fund’s assets) and industrials (11.82%) accounting for the largest sector allocations in the portfolio, according to data from Morningstar Direct.

Fixed income avoided

The data represents funds that only were searched for on the firm’s mutual fund platform. However, there is some correlation with fund flows in Asia ex-Japan in 2018, when equities were a preferred asset class over fixed income in most markets.

Fixed income funds saw the largest net outflows last year in Singapore, India, Hong Kong and Thailand. However, product demand may vary from one market to the other. For example, mixed-asset funds continue to be popular in Hong Kong and Singapore, while Thai investors poured money into property and global equity funds.

However, fixed income funds were the most popular asset class last year among Taiwan and onshore Chinese investors.

In addition, FE’s most researched funds in Hong Kong and Singapore included income-generating bond and equity dividend funds, suggesting that income may continue to be an investment theme among investors in both markets.

 

 

 

 

 

 

 

 

 

 

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