Fidelity International urges Apac retail investors ‘to stay the course’
Investors should remain invested, diversify, and take a long-term view, says Fidelity’s HK head, Charlotte Chan.
Asian investors prioritised stability and yield amid uncertainty, Calastone data found.
The milestone follows iShares ETF inflows of $192bn in the first half of this year.
Chinese buyers favour bond funds so far this year after the Mutual Recognition of Funds (MRF) sales cap was lifted from 50% to 80%, according to data from Morningstar.
Meanwhile, China equity ETFs inflows have slumped, Morningstar data shows.
Meanwhile, Asian investors show little sign of ditching the greenback.
The total AUM rose to HK$35.1trn ($4.53trn) as at end-2024, driven by net fund inflows of HK$705bn, according to an SFC survey.
In contrast, equity and ESG strategies suffered significant outflows.
Passive strategies reach over a third of AUM for largest asset managers.
Flows into Japanese equity funds soared in July ahead of this month’s sell-off, according to Morningstar Direct data.
Taiwan was the exception to the trend of net outflows from Asia ex-Japan sustainable funds in the first quarter of this year, Morningstar finds.
There were four times as many flows in January than in the previous month, according to Morningstar.
Asset managers reduced their cash holdings for the second consecutive month, according to the State Street Global Markets Risk Appetite Index.
Flows into safe-haven sectors reversed in November, according to State Street institutional investor indicators.
The positive inflows into bonds and equities during the third-quarter belied an overall mixed outlook.
There were net inflows to open-end funds in Japan of ¥948.4bn in August, Morningstar data show.
Fixed income witnessed net inflows of S$888.25m during the second quarter, data aggregated by Morningstar show.