Asian fund market set for 46% growth

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...