Asia Flows Advance in 2010

In 2010, local Asia long-term funds gathered $55 billion in net inflows, slightly higher than in 2009, according to Strategic Insight, an Asset International company.

The company reported that equity funds suffered outflows of $1.6 billion in December and $25.9 billion for the year. Meanwhile, bond funds took in $4.8 billion over the month and $76.6 billion during the year.

Funds in the mixed category gave up $2.4 billion in December and $12.5 billion in the 12-month period. Overall, Strategic Insight said the local Asia funds were flat in terms of flows in December, but took in $25.1 billion during the year. For Asia funds without Japan, the funds lost $4.6 billion in December and $43.9 billion over the year.