Institutional asset managers enjoyed net inflows in several Asian countries in the third quarter, after a preceding three-month period in which money was withdrawn.
Investors in Hong Kong provided a net $167 million of new money in the third quarter, a relatively small gain compared with the $13.2 billion of net outflows recorded in the previous three-month period.
From Singapore, a net inflow of $l.3 billion was recorded in the third quarter, according to the data from research firm eVestment. The gain roughly matched the net outflow of $1.2 billion seen in the second quarter.
Across the Asian region, excluding Japan, there was $3.7 billion of net new money for institutional asset managers, with bonds emerging as a particularly popular asset class in the period.
Japanese investors were particularly bullish in the period. They invested a net $5.9 billion during the three months.
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