The asset class posted an organic growth rate of 41% for the year.

The asset class posted an organic growth rate of 41% for the year.
Net assets of foreign equity funds now make up 18% of the industry.
Actively managed equity funds dominate China’s sustainable assets, data shows.
Leading fund selectors in the region plan to raise allocations to European equities during the next 12 months.
Both the AUM and net inflows in the territory recorded a double-digit increase, according to the Securities and Futures Commission (SFC).
Funds have seen net inflows for four consecutive quarters, Morningstar data shows.
Sustainable fund assets in Asia ex-Japan reached a new high in the third quarter of 2021, Morningstar data shows.
Economic recovery has boosted the performance of conventional energy products since the beginning of the year, according to Morningstar data.
The net withdrawal of TWD52.2bn ($1.88bn) was mainly fuelled by money market and fixed income funds, according to Morningstar Direct data.
Part of the Mark Allen Group.