The Asian fund market is set to grow by nearly half from US$1.2trn to US$1.9trn in 2014 - a 46% increase, according to Lipper figures.
An increase is expected despite an anticipated decline in fund assets in 2010, according to the FMI Asian Fund Market Almanac 2009 report.
It examined 12 Asian fund markets which posted net sales of US$34bn over the first half of 2009.
At one end of the spectrum India enjoyed inflows of US$28bn. This was in contrast to the Chinese fund industry which suffered net redemptions of US$39bn, with investors pulling out almost as much as they put in during the whole of 2008 (US$48bn).
Bella Caridade-Ferreira, head of market research at Lipper FMI, says: "These Asian countries have all the necessary ingredients for robust long-term growth of their mutual fund industries, even though the next few years may well be very rocky.
"These are not get-rich-quick markets for fund managers; anyone with serious ambitions in Asia needs to take a very long-term view of at least 20 years. But by then Asia could well have overtaken both Europe and the US in terms of industry size."
Asian net sales were just 20% lower than in Europe over the first half of 2009, despite holding assets less than a third the size of those in domestic European funds.
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