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Fund Flows Surpass $100 Billion and Still Rising Worldwide
NEW YORK, 10 June 2009 ---
Mutual funds around the world benefited from more than $100 billion of net inflows so far this year with accelerating gains through April, according to Strategic Insight research and data. Almost 90% of the commitments came from investors in Asia and Europe. New launches were especially successful in China and Japan, and while a large portion of the European flows was in money markets, progress among bond and equity programs was also striking in contrast to last year's downturn. Results for the first half of the year will almost certainly reveal even greater inflows, based on the direction in recent weeks.
"Smart fund managers are seizing the recovery of opportunities in many areas, from corporate bond to emerging markets, and even Green themes," commented Jag Alexeyev, Senior Managing Director and Strategic Insight's Head of Global Research. "Nearly $1 billion went into an environment related Green fund in Japan during April, and over $2 billion into a new offering in China during May. These and other developments are reigniting the industry after a year of hardship. But a lot of fund companies were so busy scaling back that they missed out on the possibilities, and some still remain in the dark."
Just in the month of April, more than two dozen new fund introductions raised over $100 million each, mostly in Asia. Only one of these top sellers was in the US. This year, more than 1,400 new and old funds around the world absorbed more than $100 million of net investor contributions. Contrary to popular misconceptions, just 147 of these top selling funds, or 11%, were ETFs. Alexeyev notes that "much confusion persists around the current realities and the future of the fund management industry, which can be clarified by taking a deeper look at the numbers and details."
About Strategic Insight
Strategic Insight is a research and consulting firm that supports over 250 companies around the world with analysis, perspective, and data on the fund industry; its Simfund databases, the world's analytical source for mutual fund business trends, track flows, assets, performance, ratings, and other intelligence on more than 65,000 portfolios and many more fund share classes globally.
Contact:
Jag Alexeyev
Senior Managing Director, Head of Global Research
STRATEGIC INSIGHT
590 Fifth Avenue, New York, NY 10036
Tel: +1 (212) 944-4456
Email: Jag@sionline.com
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