The Flying Dutchman:How mutual funds are positioned across Asia
摘要： FollowingastrongreboundinMarch,FIIflowsmoderatedsofarinApril;KoreaequitiesledwithUSD1.6bnofinflowsMu
Following a strong rebound in March, FII flows moderated sofar in April; Korea equities led with USD1.6bn of inflows
Mutual funds continued to add exposure to the ASEANgrowth story though Indonesia and the Philippines; therewere hints of fund rotation from Taiwan to Korea
Fund holdings in China recovered from a low base, but mutualfunds remained underweight on a relative basis
Foreign institutional investor (FII) flows1: Following a strong surge seen in March,FIIs took a breather even as uncertainty surrounding the next US rate hike and aslowing China remained very much in contention. Overall, in April, total inflows in thesix Asian markets stood at USD2.56bn (up to 25April). For comparison, the regionreceived cUSD13bn in the previous month.
By markets, Korea led the inflows, with FIIs buying USD1.56bn worth of equities inApril. Taiwan (USD0.65bn) and India (USD0.33bn) also received inflows this month.However, investors turned net sellers in Thailand and the Philippines.
Year-to-date flows into Asia stood at USD9.89bn, which is still c57% lower on a y-o-ybasis compared to the same period in 2015.
bn,56,USD0,FollowingastrongreboundinMarch,FIIflowsmoderatedsofarinApril
