Meanwhile, newly launched equity funds have continued to attract assets from investors.

Meanwhile, newly launched equity funds have continued to attract assets from investors.
Asia’s third-party fund buyers are enthusiastic about China and Asia-Pacific ex-Japan equities, according to Last Word Media research.
On the flipside, investors have continued to pour money into southbound funds.
Strong net fund inflows in China belied the trend elsewhere in Apac during the first three months of 2020, says a Broadridge report.
Both Hong Kong and China domiciled funds sold in the cross-border scheme collected assets in April, SAFE data shows.
But there are a few winners, including Pinebridge’s ESG quant fixed income product, which had sizable inflows during the first quarter.
After the unusual outflow in January, Hong Kong-domiciled products sold in the mainland (northbound funds) through the MRF saw net inflows in February.
Thirty offshore funds were liquidated last year, including 12 from Jupiter AM, which decided to exit the market.
For asset managers’ Hong Kong marketing teams, the year was all about bond funds.
On the flipside, JP Morgan AM and HSBC Global AM had the highest net outflows, mostly driven by redemptions from their China equity funds.
Part of the Mark Allen Group.