Money flowing into equity funds dropped more than a half in the third quarter compared with the previous three months, Morningstar Direct data shows

Money flowing into equity funds dropped more than a half in the third quarter compared with the previous three months, Morningstar Direct data shows
Investors in Taiwan have shown stronger appetite for funds in 2021 than last year, Calastone reports.
The Chinese property industry is in hot water with the third major Chinese real estate company failing to repay its maturing notes in less than a month.
Despite the drop in prices, some fixed income managers increased exposure to the Chinese property developer during the past two months, said Morningstar.
Funds domiciled in Taiwan received a net inflow of NT$236.7bn ($84.5m) in the first half of 2021, Morningstar Direct data shows.
Mainland investors have poured RMB 2.6bn ($400m) in Hong Kong-domiciled funds during the first two months this year.
Hong Kong-domiciled ETFs tracking onshore and offshore Chine indices have suffered year-to-date outflows of $400m and $200m respectively, according to Morningstar.
Data suggest a turnaround in sentiment towards northbound funds.
Will the themes continue to outperform in 2021?
Mainland investors have preferred domestic securities over offshore investments.
Part of the Mark Allen Group.