Pinebridge’s Global ESG Quant Bond Fund became the best-selling product during the first half this year among all Taiwan-domiciled funds managed by a foreign firm.
Of the different foreign investment funds sold in Thailand, global bond funds attracted the most money during the second quarter, according to a Morningstar report.
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.
Separately, despite the coronavirus, domestic fund managers in Southeast Asia are expected to form partnerships with foreign players to launch new types of products.
The global market plunge in the first quarter prompted investors to reduce global exposure and put money into China via the Mutual Recognition of Funds (MRF) scheme, data shows.
They include products managed by Jupiter Asset Management, Blackrock and Principal Asset Management.
But there are a few winners, including Pinebridge’s ESG quant fixed income product, which had sizable inflows during the first quarter.
But several fund categories broke the trend and had net inflows during the first quarter.