www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Record capital outflow from Asia Pacific

Updated: 2008-09-10 07:27

By Carmen To(HK Edition)

  Print Mail Large Medium  Small 分享按鈕 0

According to an HSBC survey, the Asia-Pacific region, excluding Japan, recorded the largest capital outflow in the second quarter this year. However, fund managers still hold a positive view about Greater China markets.

According to the survey, the total estimated net fund outflow reached $28.5 billion in the second quarter of this year, a 0.67 percent decline in fund under management (FUM) from the first quarter.

In the first quarter of this year, the bank saw a decrease of total FUM of participating fund houses at 2.52 percent from the fourth quarter of 2007.

The estimated net outflow in the second quarter was mainly driven by an estimated $50 billion net outflow from equity funds which were offset partially by estimated net inflow of $15 billion and $11 billion into balanced funds and money funds.

Asia-Pacific (excluding Japan) equities posted an estimated net outflow of equivalent to 20 percent of sector FUM in the second quarter of this year, compared with an estimated net inflow of six percent of FUM in the first quarter, the bank said in a statement.

Bruno Lee, head of wealth management for personal financial services in Hong Kong said, "Fund outflows in the second quarter are indicative of investors' concern about the warning signs of inflation and economic slowdown in Asia. Investors move away from volatile equity markets to find a safe haven in bonds and cash."

The FUM from Greater China equities, including Hong Kong and mainland equities, were a total of $223 billion and $220 billion dated March 31, and June 30, 2008, respectively.

A slight drop of $3 billion from the first quarter reflected the Greater China equities were still resilient in the fluctuating market, Lee said.

"Fund managers are optimistic over Greater China and Hong Kong equities in the third quarter, but uncertainties in the current market of the Asia-Pacific region like political instability in Thailand may have an impact on retail investors' confidence," said Lee.

Though fund managers remain bullish on the overall Asia-Pacific ex Japan market, the percentage of managers with underweight views for the third quarter increased from last quarter.

On the contrary, more fund managers favor global emerging markets or high yield bonds in the third quarter.

In the survey, equity funds net outflows in the second quarter accounted for 1.66 percent of FUM, compared with 4.67 percent in the previous quarter, though there was a slight slowdown in pace.

However, bond funds inflow in the second quarter was equivalent to 1.4 percent of FUM with high yield and emerging market bonds.

(HK Edition 09/10/2008 page2)

主站蜘蛛池模板: 在线免费观看成年人视频 | 亚洲成人一级 | 欧美中文字幕一区二区三区 | 亚洲天堂男 | 日韩在线一区二区 | 亚洲一区二区三 | 日韩a一级欧美一级在线播放 | 国产在线观看成人免费视频 | 日韩美女视频在线观看 | 久久国产99| 男人又粗又硬桶女人免费 | 大伊香蕉精品视频在线观看 | 亚洲视频在线观 | 国产精品区牛牛影院 | 2018久久久国产精品 | 亚洲国产日产韩国欧美综合 | 免费国产黄 | 成人午夜私人影院入口 | 亚洲美女福利视频在线 | 欧美成人精品高清在线观看 | 欧美刺激午夜性久久久久久久 | 亚洲自拍在线观看 | 深夜一级毛片 | 毛片手机在线观看 | 亚洲国产精品91 | 悠悠影院欧美日韩国产 | 国产成人无精品久久久 | 在线欧美日韩精品一区二区 | 亚洲国产欧美日韩精品一区二区三区 | 国产香港特级一级毛片 | 91精品国产91久久久久 | 成年人在线免费观看视频网站 | 国产菲菲视频在线观看 | 国产精品久久久久久一区二区 | 欧美大片无尺码在线观看 | 久久久国产99久久国产一 | 成人精品亚洲人成在线 | 欧美xxxxb| 日韩中文字幕在线看 | 国产成人在线观看免费网站 | 九九九九在线视频播放 |