Asia FlowWatch January 2012

Strategic Insight

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Asia Flow Watch Results for January 2012

©Copyright 2011 Strategic Insight, an Asset International Company and when referenced or sourced Morningstar Inc., Standard & Poor’s Inc., and Lipper Inc. All rights reserved. The information, data, analyses and opinions contained herein (a) include confidential and proprietary information of the aforementioned companies, (b) may not be copied or redistributed for any purpose, (c) are provided solely for information purposes, and (d) are not warranted or represented to be correct, complete, accurate, or timely. Past performance is no guarantee of future results. The aforementioned companies are not affiliated with each other. Reproduction in whole or in part prohibited except by permission. Any data or commentary in this report is for the internal use of client management companies only and is not to be disseminated to the general public and sales intermediaries in the form of regulatory or other reports, promotional material, or advertising without the prior written consent of Strategic Insight. This report has been prepared using information and sources we believe to be reliable; however, we make no representation as to its accuracy, adequacy or completeness, nor do we assume responsibility for any errors or omissions or for any results obtained from the use of this report, including any action taken with respect to securities referred to in this report. Our employees may from time to time acquire, hold or sell a position in securities mentioned herein. We may from time to time perform services for any company mentioned in this report. This report is not a prospectus or representation intended to use in the purchase or sale of any securities mentioned in this report. Strategic Insight is available by subscription and by single copy upon request to the publisher.

Overview, Methodology, and Notes The Asia FlowWatch is published monthly by Strategic Insight to provide details on the top selling funds, new products, and investment categories purchased by investors in each key market of the region, along with management company progress and regional highlights. It is based on Strategic Insight’s database of more than 20,000 funds domiciled across the region. Strategic Insight’s primary sources include Lipper Inc, Morningstar Inc, data obtained directly from fund management companies, and Strategic Insight research. Our database captures nearly the entire universe of publicly available mutual funds monitored and reported by the major fund tracking organizations, and corresponds closely with the universe of funds, assets, and flows reported by industry associations across the region. Net flows are estimated by Strategic Insight using assets and performance at a fund/share class level in the local currency of the share class, and for the purposes of this report converted to US Dollars for comparison and uniform monitoring. All performance and volatility information in this report is shown in local currency terms; trailing total returns are cumulative to the latest month. Fund level presentations (top selling funds, new products) show assets and flows at a ‘portfolio’ level, i.e., combining all share classes of a fund/ portfolio; other data such as performance and volatility represents the primary share class of a multi-class portfolio; ‘Fund Name’ generally represents the name of the portfolio (not the primary share class). Fund categories are assigned by Strategic Insight, partly based on Lipper Global classifications. All markets are based on monthly reported data except for China and India, whose funds report assets quarterly; Strategic Insight estimates monthly assets and flows for funds in China and India using monthly performance and information on new fund IPOs. Some tables show data for the most recent month(s) after quarter-end with flows representing those of new fund IPOs, and assets for all funds estimated using latest returns. All China and India tables will be adjusted and updated after the release of the actual fund asset data each quarter. Japan excludes funds tracked by ITA as "Money Management" and "Money Reserve"; funds classified as Money Market by Lipper Inc. are included. Korea data excludes private placement funds. This report is intended to provide visibility on locally domiciled funds in Asia and certain offshore funds which are sold exclusively or primarily in the region. Cross-border international funds (Luxembourg, Ireland, etc.) that are registered for sale in Asia and multiple other non-Asia markets are also included to better represent the cross-border industry; however, please note that cross-border international funds report assets and flows on a worldwide basis, which cannot be broken down by individual markets and/or regions in this report. In addition to the Asia FlowWatch, Strategic Insight publishes a wide range of industry research, providing qualitative analysis and perspective on industry developments across Asia, Europe and the U.S. markets.

Asia Flow Watch

Table of Contents

(continued on next page)

Highest Cash Flow Funds - Assets&Flows&Performance Japan….……...…………………………………………………………………………………page 1 Korea……..….…………………………………………………………………………………page 2 India…...….....…………………………………………………………………………………page 3 China…...….....…………………………………………………………………………………page 4 Taiwan…...….....………………………………………………………………………………page 5 Hong Kong…...….....…………………………………………………………………………… page 6 Singapore…...….....……………………………………………………………………………page 7 Thailand…...….....………………………………………………………………………………page 8 Malaysia…...….....……………………………………………………………………………… page 9 Indonesia…...….....…………………………………………………………………………… page 10 Asia Offshore&URVV%RUGHU……………………………………………………………………page 11 New Fund Introductions - Highest Cash Flow Funds Japan….……...…………………………………………………………………………………page 12 Korea……..….…………………………………………………………………………………page 13 India…...….....…………………………………………………………………………………page 14 China…...….....…………………………………………………………………………………page 15 Taiwan…...….....………………………………………………………………………………page 16 Hong Kong…...….....…………………………………………………………………………… page 17 Singapore…...….....……………………………………………………………………………page 18 Thailand…...….....………………………………………………………………………………page 19 Malaysia…...….....……………………………………………………………………………… page 20 Indonesia…...….....…………………………………………………………………………… page 21 Asia Offshore/Cross-Border…...….....……………………………………………………… … page 22 Largest Fund Managers - Asset Growth and Cash Flows Japan….……...…………………………………………………………………………………page 23 Korea……..….…………………………………………………………………………………page 24 India…...….....…………………………………………………………………………………page 25 China…...….....…………………………………………………………………………………page 26 Taiwan…...….....………………………………………………………………………………page 27 Hong Kong…...….....…………………………………………………………………………… page 28 Singapore…...….....……………………………………………………………………………page 29 Thailand…...….....………………………………………………………………………………page 30 Malaysia…...….....……………………………………………………………………………… page 31 Indonesia…...….....…………………………………………………………………………… page 32

Asia Flow Watch

Table of Contents

(continued from prior page)

Investment Categories - Highest Inflows and Outflows Japan….……...…………………………………………………………………………………page 33 Korea……..….…………………………………………………………………………………page 34 India…...….....…………………………………………………………………………………page 35 China…...….....…………………………………………………………………………………page 36 Taiwan…...….....………………………………………………………………………………page 37 page 38 Hong Kong…...….....…………………………………………………………………………… Singapore…...….....……………………………………………………………………………page 39 Thailand…...….....………………………………………………………………………………page 40 page 41 Malaysia…...….....……………………………………………………………………………… Indonesia…...….....…………………………………………………………………………… page 42 Monthly Fund Flows by Category Japan….……...…………………………………………………………………………………page 43 Korea……..….…………………………………………………………………………………page 44 India…...….....…………………………………………………………………………………page 45 China…...….....…………………………………………………………………………………page 46 Taiwan…...….....………………………………………………………………………………page 47 page 48 Hong Kong…...….....…………………………………………………………………………… Singapore…...….....……………………………………………………………………………page 49 Thailand…...….....………………………………………………………………………………page 50 page 51 Malaysia…...….....……………………………………………………………………………… Indonesia…...….....…………………………………………………………………………… page 52 Asia Overview Investment Category Overview…………………………………………………………………page 53 Investment Category Overview (ex Japan)…………………………………………………… page 54 Monthly Fund Flows and AUMs by Market……………………………………………………page 55 Monthly Fund Flow Chart by Market………………………………………………………… page 56 Investment Categories - Highest Inflows and Outflows……………………………………… page 57 Investment Categories - Highest Inflows and Outflows (ex Japan)……………………………page 58

Asia FlowWatch

Strategic Insight Global

Highest Cash Flow Funds in Japan Assets&Flows&Performance 3 Months through January - 2012 Manager/Parent Category

Launch Flows (US$M) AUM (US$M) Total Returns % LC Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR

1 DaiwaSB Short Term AU Bond OP Monthly Settlement

Daiwa SB

Bond Asia Pacific

Apr-03

446

1,228

6,263

16,157

2 Nomura Global High Div EQ Premium (CnySlt M Stt)

Nomura

Equity Global

Nov-11

189

1,157

1,157

1,276

3 Daiwa US REIT Fund Monthly Settlement

Daiwa

Real Estate

May-04

462

1,048

5,588

4 Daiwa US-REIT Open B Course

Daiwa

Real Estate

Jul-04

414

1,002

5 Nomura US High Yield Bond Fund(AUD M Sttl)

Nomura

Bond High Yield

Jan-09

287

6 Pictet Emerging Income Equity Fund

Pictet

Equity Emerging Markets

Jan-08

7 DaiwaSB Emerging Bond F AUD(M Sttl)

Daiwa SB

Bond Emerging Markets

8 Daiwa Japan Government Bond Fund (M Sttl)

Daiwa

9 Nomura Asia High Yield Bond F(CncySlct M Sttl)

Fund Name

-1.4

3.8

56.2

5,771

2.5

2.1

80.7

4,510

4,256

2.5

1.9

78.3

989

1,336

2,645

4.0

6.9

99.3

453

979

1,620

1,896

3.7

-14.4

51.0

Jul-09

271

898

1,630

1,800

1.3

8.9

Bond Asia Pacific

Jun-06

210

644

1,668

2,958

0.7

2.6

Nomura

Bond Asia Pacific

Jan-12

562

562

562

566

10 JPM Global High Yield CB Fund 2012-01

JP Morgan

Bond Convertibles

Jan-12

558

558

558

563

11 MitsubishiUFJ MAXIS Nikkei 225 ETF

Mitsubishi UFJ

Equity Asia Pacific

Feb-09

417

536

1,096

1,662

-2.0

-12.4

12 UBS World Public Services Infra Bond Fund AUD(M)

UBS

Bond Global

Jul-09

122

528

1,468

1,643

3.4

10.0

13 UBS World Public Services Infra Bond Fund JPY(M)

UBS

Bond Global

Jul-09

137

432

1,139

1,288

2.3

6.4

14 Chuo Mitsui Australia Public&Corporate Bond Fund

Chuo Mitsui

Bond Asia Pacific

May-10

130

408

1,713

1,939

-0.2

7.1

15 Daiwa Nikkei 225 Index Linked Listed Investment

Daiwa

Equity Asia Pacific

Jul-01

194

401

1,053

3,649

-2.0

-12.4

16 Nikko BNY Mellon EM Mid-Small Cap Eq A Acc

BNY Mellon


Nov-11

31

384

384

418

17 MitsubishiUFJ Emerging Country Bond F (AUD M Sttl)

Mitsubishi UFJ


Apr-09

120

381

1,355

1,840

1.6

9.5

18 Nikko Japan Undervalued Low-priced Equity F12-01

Nikko

Guaranteed/Protected

Jan-12

376

376

376

380

19 MHAM Japan Undervalued Equity F(EarlyRedemption)

Mizuho


Dec-11

145

353

353

367

20 Nikko Environment Fund(EQ & Mny) BRL

Nikko

Equity Sector/ Other

Jul-09

103

342

1,052

1,220

-4.0

-15.6

Total funds above % of Market Share

13,205 na

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms.

Source: Strategic Insight Simfund GL. 1 of 58

52,296 8%

6.0

15.6

Asia FlowWatch


Highest Cash Flow Funds in Korea Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Excludes Private Placement Funds and Offshore International Funds Launch Flows (US$M) AUM (US$M)Total Returns % LC Manager Category Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR

1

Samsung KODEX200 ETF

Samsung

Equity Asia Pacific

Oct-02

393

567

1,401

3,188

2

Korea Shinjong MMF 1-W (Institutional)

Korea Investment Trust

Money Market

Nov-04

161

434

488

687

3

HI Asset World Best Institutional MMF 1

HI Asset Management

Money Market

Dec-03

250

410

542

4

Mirae Asset MAPS Tiger 200 ETF

Mirae Asset

Equity Asia Pacific

Apr-08

146

270

5

Mirae Asset Institutional MMF A-5

Mirae Asset

Money Market

Jun-08

175

6

Dongbu Altogether Institutional MMF 2 Class C

Dongbu

Money Market

Oct-09

7

Hanwha Arirang 200 ETF

Hanwha

Equity Asia Pacific

8

NACF-CA MMF 8 (Institutional)

NH-CA

9

IBK AM Grand Prix Institutional MMF 2

2.2

-8.3

67.0

675

0.9

3.3

8.7

618

831

2.3

-8.1

67.4

175

354

458

0.9

3.3

9.4

211

160

-171

812

0.9

3.3

Jan-12

146

146

146

149

Money Market

Dec-03

285

144

707

1,143

IBK-SG Asset

Money Market

Dec-06

136

142

575

945

0.9

3.3

10 Hungkuk Neo Shinjong MMF B-2

Hungkuk Investment Trust

Money Market

Feb-09

474

119

534

1,416

0.9

3.5

11 Kyobo AXA Tomorrow Long-term Prime Bond K-1

Kyobo AXA

Bond Asia Pacific

Sep-06

49

110

47

1,228

1.6

6.1

17.0

12 Hyundai Inv-Asset Investment Institutional MMF 2

Hyundai Investments

Money Market

Jun-11

163

105

409

407

0.9

13 Korea Investment Shinjong Institutional MMF 1 C


Money Market

Nov-04

95

95

95

675

14 Woori Asset KOSEF200 ETF

Woori Asset Management

Equity Asia Pacific

Oct-02

31

91

205

361

2.2

-8.3

67.3

15 Plus Shinjong MMF 1 (Institutional)

Plus Asset IMC

Money Market

Mar-05

91

89

-148

809

0.9

3.5

9.9

16 Eugene Asset HIT Shinjong MMF K-1

Eugene Asset Management

Money Market

May-10

116

81

16

234

0.9

3.4

17 Hungkuk Safe Money Market Fund


Money Market

Jun-11

36

80

608

606

0.9

18 Korea Investment KINDEX200 ETF


Equity Asia Pacific

Sep-08

27

71

183

379

2.2

-8.4

68.1

19 Eugene Asset HIT Shinjong MMF H-1

Eugene Asset Management

Money Market

Nov-03

-24

67

-335

399

0.9

3.3

8.2

20 Daehan Class 1 Shinjong MMF S-36

Hana UBS

Money Market

Jun-00

76

66

-244

1,293

0.8

3.1

8.2


3,423 na



16,695 11%

9.6

Asia FlowWatch


Highest Cash Flow Funds in India Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Assets and Flows updated quarterly due to change of reporting methodology; Performance updated monthly through January 2012* Launch Flows (US$M) AUM (US$M)Total Returns % LC Manager/Parent Category Date 3Mth 12Mth 1/12 3 Mth 1YR 3YR

1

Reliance Fixed Horizon Fund-XXI-Srs 5-Growth**

Reliance Capital

Bond Asia Pacific

Jan-12

281

281

291

2

Reliance Gold Savings Fund-Growth

Reliance Capital

Commodities

Mar-11

206

573

413

3

SBI Debt Fund Series 367 Days-11-Growth**

SBI Funds Management

Bond Asia Pacific

Nov-11

126

126

45

4

Birla Sun Life Fixed Term Plan-Series DT-Growth**

Birla Sun Life

Bond Asia Pacific

Nov-11

126

126

45

5

Sundaram CAPEX Opportunities Fund-Growth

Sundaram BNP Paribas


Oct-05

108

103

129

6

Birla Sun Life Fixed Term Plan-Series EB-Growth**

Birla Sun Life

Bond Asia Pacific

Jan-12

91

91

94

7

Principal Cash Mgt Fund-Liquid Option-Gth

Principal Financial

Money Market

Oct-00

82

159

299

8

UTI-Fixed Term Inc Fund-Srs X-VI (368 Days)-Growth**

UTI

Bond Asia Pacific

Jan-12

80

80

83

9


Reliance Capital

Bond Asia Pacific

Jan-12

73

73

75

10 IDFC Fixed Maturity Plan Yearly Series 61-Growth**

IDFC Asset Management

Bond Asia Pacific

Jan-12

63

63

65

11 HDFC FMP 36M October 2011 (1)-Growth**

HDFC

Bond Asia Pacific

Nov-11

63

63

36

12 Birla Sun Life Fixed Term Plan-Series EE-Growth**

Birla Sun Life

Bond Asia Pacific

Jan-12

62

62

64

13 DSP BlackRock FMP-Series 21-3M-Growth**

Blackrock

Bond Asia Pacific

Nov-11

60

60

22

14 HDFC FMP 92D November 2011 (2)-Growth**

HDFC

Bond Asia Pacific

Nov-11

57

57

21

15 Tata Fixed Maturity Plan Series-37 Scheme C-Growth**

Tata

Bond Asia Pacific

Nov-11

57

57

31

16 Reliance Fixed Horizon Fund-XXI-Srs 1-Growth**

Reliance Capital

Bond Asia Pacific

Nov-11

55

55

23

17 Reliance Fixed Horizon Fund-XXI-Srs 13-Growth**

Reliance Capital

Bond Asia Pacific

Nov-11

54

54

31

18 Birla Sun Life Fixed Term Plan-Series EF-Growth**

Birla Sun Life

Bond Asia Pacific

Jan-12

53

53

55



Bond Asia Pacific

Nov-11

53

53

35



Bond Asia Pacific

Nov-11

50

50

25


1,799 na

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms. * Funds in India report average assets quarterly except for new launches and closed-end funds;3-month total return is as of January 2012. ** Flows exclude January 2012 except for new launches; see New Fund Introductions page for new fund IPOs highlights.


1,883 1%

4.4

-6.2

-22.9

61.4

Asia FlowWatch


Highest Cash Flow Funds in China Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Assets and Flows Updated Quarterly; Performance Updated Monthly through January 2012* Launch Flows(US$M) AUM (US$M) Total Returns % LC Manager/Parent Category Date 3 Mth 12 Mth 1/12 3 Mth 1YR 3YR

1

ICBCCS Money Market Fund

ICBC Credit Suisse

Money Market

Mar-06

2,601

2,581

3,405

1.1

3.4

6.8

2

E Fund Money Market Fund A

E Fund

Money Market

Feb-05

2,221

2,283

3,242

1.3

4.0

7.9

3

Hua An Fu Li Money Market Fund A

Hua An

Money Market

Dec-03

1,790

1,512

2,932

1.1

3.6

7.2

4

BOC Money Market Fund

BOC International

Money Market

Jun-05

1,752

1,697

2,460

1.2

4.0

8.0

5

China Southern Cash Income Fund A

China Southern

Money Market

Mar-04

1,530

2,057

3,885

1.2

4.1

8.3

6

China GF Money Market Fund A

GF Fund

Money Market

May-05

1,425

2,319

3,094

1.3

4.3

7.7

7

Harvest Money Market Fund

Harvest

Money Market

Mar-05

1,328

1,362

3,209

1.2

3.9

7.7

8

Dacheng Money Market Fund A

Da Cheng

Money Market

Jun-05

1,137

1,086

1,426

1.0

3.5

7.0

9

BOCOM Schroders Money Market Fund A

BoCom Schroders

Money Market

Jan-06

1,111

987

1,337

1.1

3.3

6.5

10 CMF Cash Enhancement Fund A

China Merchants

Money Market

Jan-04

1,069

758

1,827

1.3

3.8

7.4

11 Bosera Cash Income Fund

Bosera

Money Market

Jan-04

1,005

2,564

3,586

1.2

4.1

8.2

12 CCB Principal Money Market Fund

CCB Principal

Money Market

Apr-06

891

194

1,332

1.1

3.6

7.4

13 Wanjia Money Market Fund

Wanjia

Money Market

May-06

586

479

972

1.3

4.2

8.6

14 Changsheng Tongxi Debenture Bonds Fund A

Changsheng

Bond Asia Pacific

Dec-11

582

582

591

15 Changsheng Money Market Fund

Changsheng

Money Market

Dec-05

559

627

729

0.9

3.1

6.9

16 Guotai Money Market Fund

Guotai

Money Market

Jun-05

543

424

762

0.9

3.1

6.7

17 ICBCCS Capital Protection Fund

ICBC Credit Suisse


Dec-11

541

541

550

18 Penghua Money Market Fund - A

Penghua

Money Market

Apr-05

514

34

820

1.0

3.5

7.1

19 MinSheng Royal Booming Industrial Equity Fund

Minsheng Royal

Equity Asia Pacific

Nov-11

503

503

516

20 China International Money Market Fund - A

China International

Money Market

Apr-05

494

841

2,267

0.7

2.6

4.7


22,182 77%

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms. * Funds in China report assets quarterly; see methodologies page regarding latest months; 3 month total return is as of January 2012; flows exclude January 2012 except for new launches; see New Fund Introductions page for new fund IPOs highlights.


38,943 11%

Asia FlowWatch


Highest Cash Flow Funds in Taiwan Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Manager

Category

Launch Flows (US$M) AUM (US$M)Total Returns % LC Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR

1

Yuanta Wan Tai Money Market Fund

Yuanta

Money Market

Feb-97

22

420

460

1,756

0.2

0.7

1.2

2

Taishin 1699 Money Market Fund

Taishin

Money Market

Jun-99

185

347

900

1,446

0.2

0.7

1.6

3

Eastspring Investments Well Pool Money Market Fund

Prudential Plc

Money Market

Dec-98

195

342

90

1,628

0.2

0.7

1.3

4

Polaris Taiwan Top 50 Tracker Fund

Polaris International

Equity Asia Pacific

Jun-03

-111

330

2,402

3,604

0.2

-13.6

89.4

5

Jih Sun Money Market Fund

Jih Sun

Money Market

Oct-97

235

270

35

1,428

0.2

0.7

1.4

6

FSITC Money Market Fund

National Investment Trust

Money Market

Apr-94

-132

158

87

1,807

0.2

0.7

1.3

7

Hua Nan Phoenix Money Market Fund

Hua Nan

Money Market

Feb-96

105

136

-184

861

0.2

0.6

1.3

8

Polaris Global ETF of Bond Fund


Bond Global

Nov-11

2

128

128

131

9

HSBC Dim Sum High Yield Bond Fund

HSBC

Bond Asia Pacific

Dec-11

3

124

124

127

10 AGI All Seasons Harvest Fund of Bond Fund-A

Allianz

Bond Global

Jan-12

122

122

122

124

11 Manulife China Offshore Bond Fund A

Manulife Financial

Bond Asia Pacific

Nov-11

-6

105

105

107

12 Polaris De-Bao Money Market Fund


Money Market

Aug-01

61

101

224

665

0.2

0.7

1.2

13 Mega Diamond Money Market Fund

Mega International

Money Market

Nov-00

95

99

428

2,373

0.2

0.7

1.5

14 Taishin Ta-Chong Money Market Fund

Taishin

Money Market

Jun-98

51

95

144

873

0.2

0.7

1.6

15 Cathay Taiwan Money Market Fund

Cathay Securities

Money Market

Aug-00

39

94

159

1,355

0.2

0.6

1.4

16 FSITC Taiwan Money Market Fund

National Investment Trust

Money Market

Mar-97

11

77

-5

575

0.2

0.7

1.3

17 Capital Greater China Fund

Capital Investment Trust

Equity Asia Pacific

Dec-11

0

77

77

79

18 Shin Kong Chi-Shin Money-market Fund

Shinkong

Money Market

Sep-96

74

71

-23

453

0.2

0.6

1.2

19 UPAMC James Bond Money Market Fund

Uni-President

Money Market

Jun-95

28

49

-44

416

0.2

0.6

1.2

20 ING BRIICSS Fund

ING


Jan-12

46

46

46

47


3,190 >100%



19,855 31%

Asia FlowWatch


Highest Cash Flow Funds in Hong Kong Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Including Locally Domiciled Funds and Selected Offshore Funds* Launch Flows (US$M) AUM (US$M)Total Returns % LC Fund Manager/Parent Category Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR Currency

1

iShares FTSE A50 China Index ETF

Blackrock

Equity Asia Pacific

Nov-04

173

386

-77

6,038

-4.4

-10.5

16.1

HKD

2

iShares MSCI China Index ETF

Blackrock

Equity Asia Pacific

Nov-01

125

135

129

288

3.7

-10.0

62.4

HKD

3

Principal LSF-Hong Kong Bond Fund

Principal Financial

Bond Asia Pacific

Oct-11

0

84

84

85

1.0

4

BOCHK Hong Kong Dollar Income Fund A

BOCI-Prudential

Bond Asia Pacific

Jul-02

35

84

147

285

0.4

3.1

8.2

HKD

5

Hang Seng Index ETF

Hang Seng

Equity Asia Pacific

Sep-04

23

71

417

3,764

3.2

-10.1

66.6

HKD

6

HSBC Asian High Yield Bond AC USD

HSBC

Bond Asia Pacific

May-11

90

67

1,289

1,312

2.5

7

Fidelity Global Invt-Mkt Invt-Hong Kong Equity A

Fidelity

Equity Asia Pacific

Sep-00

26

52

517

2,213

0.6

8

Manulife Global Select MPF-China Value

Manulife Financial

Equity Asia Pacific

Feb-06

11

49

246

1,826

9

Fidelity Global Invt-Money Mkt-HKD Money A

Fidelity

Money Market

Sep-00

-11

46

77

442

10 Schroder Asian Asset Income Fund A HKD Acc

Schroders

Mixed Flexible

Jun-11

10

45

1,048

1,024

2.3

11 PineBridge Hong Kong Dollar Fixed Income Fund

AIG

Bond Asia Pacific

Jan-99

3

42

60

121

1.0

12 Bank Consortium MPF-E70 Mixed Asset

Bank Consortium Trust

Mixed Aggressive

Dec-00

0

41

1

585

13 PineBridge Hong Kong Equity Fund

AIG

Equity Asia Pacific

Jan-00

3

39

105

813

14 Bank Consortium MPF-China & Hong Kong Equity


Equity Asia Pacific

Jan-08

0

37

46

272

15 Fidelity Global Invt-Mkt Invt-Asia Pacific Eq A

Fidelity

Equity Asia Pacific

Sep-00

24

37

68

887

16 Fidelity Global Invt-Money Mkt-USD Money A

Fidelity

Money Market

Sep-00

-18

35

62

313

17 HSBC MPF-SuperTrust Plus-MPF Conservative

HSBC

Money Market

Dec-00

0

29

115

836

HKD

18 Manulife Global Select MPF-Interest

Manulife Financial

Guaranteed/Protected Dec-00

14

29

79

514

HKD

19 Bank Consortium MPF-Asian Equity


Equity Asia Pacific

May-04

0

28

28

213

HKD

20 Principal LSF-China Equity Fund

Principal Financial

Equity Asia Pacific

Jun-07

0

27

34

180


1,361 69%

Notes: * Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market. • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms.


22,009 20%

HKD

USD -14.7

61.2

HKD HKD

0.1

HKD HKD

4.8

8.3

HKD HKD

2.1

-16.7

55.1

HKD HKD

2.0

2.5

-5.0

-12.4

109.3

HKD

0.2

USD

70.6

HKD

Asia FlowWatch


Highest Cash Flow Funds in Singapore Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Including Locally Domiciled Funds and Selected Offshore Funds* Launch Flows (US$M) AUM (US$M)Total Returns % LC Fund Manager/Parent Category Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR Currency

1

Eastspring IUT-Monthly Income Plan A

Prudential Plc

Mixed Conservative

Feb-05

38

96

257

390

2

Fullerton SGD Income A

Fullerton

Bond Asia Pacific

Jan-12

52

52

52

53

3

United Emerging Markets Bond Fund

UOB Group


Aug-01

24

43

98

172

2.1

3.1

33.8

SGD

4

ABF Pan Asia Bond Index

SSgA

Bond Asia Pacific

Jul-05

42

42

171

2,705

1.9

9.9

30.0

USD

5

Schroder Asian Income

Schroders

Mixed Balanced

Oct-11

8

26

49

51

2.0

6

iShares Barclays Cap USD Asia HY Bond Index ETF

Blackrock

Bond Asia Pacific

Dec-11

0

21

21

22

7

LionGlobal Singapore Fixed Income Investment A

Lion Capital

Bond Asia Pacific

Aug-01

7

20

76

196

0.8

8

Eastspring IUT-Singapore Select Bond A

Prudential Plc

Bond Asia Pacific

Apr-11

5

19

102

104

1.3

SGD

9

PruLink Singapore Dynamic Bond

Prudential Plc

Bond Asia Pacific

Apr-11

4

19

61

61

1.2

SGD

10 United Gold & General Fund

UOB Group


Jul-95

2

19

53

244

-4.9

-10.9

47.1

SGD

11 Schroder Asian Premium Bond

Schroders

Bond Asia Pacific

Feb-07

-2

17

22

30

0.9

2.6

17.9

SGD

12 Aberdeen Singapore Equity SGD

Aberdeen

Equity Asia Pacific

Dec-97

3

13

76

335

3.1

-6.5

78.9

SGD

13 PruLink Singapore Growth

Prudential Plc

Equity Asia Pacific

Jul-10

2

13

67

164

3.2

-6.2

14 PruLink Global Bond

Prudential Plc

Bond Global

Feb-99

3

13

56

129

1.3

6.3

3.4

SGD

15 ABF Singapore Bond Index

DBS Bank

Bond Asia Pacific

Aug-05

14

12

16

273

1.0

6.6

9.5

SGD

16 LionGlobal New Target Return

Lion Capital

Mixed Balanced

Dec-11

0

11

11

11

17 First State Dividend Advantage SGD

Colonial First State

Equity Asia Pacific

Dec-04

7

11

171

972

2.2

-4.2

59.2

SGD

18 Nikko AM Shenton Short Term Bond SGD

DBS Bank

Bond Asia Pacific

Sep-00

5

11

53

181

0.5

1.6

10.5

SGD

19 Legg Mason Western Asset Singapore Bond A

Legg Mason

Bond Asia Pacific

Nov-97

2

11

36

94

0.8

5.9

12.8

SGD

20 PruLink Asian Reach Managed

Prudential Plc

Mixed Balanced

Feb-03

2

10

30

607

2.7

-3.8

41.2

SGD


479 na

Notes: * Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market. • REITs Flows not available • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms.


6,796 9%

2.2

3.8

49.8

SGD SGD

SGD USD 5.8

16.8

SGD

SGD

SGD

Asia FlowWatch


Highest Cash Flow Funds in Thailand Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Manager/Parent

Category

Launch Flows (US$M) AUM (US$M) Total Returns % LC Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR

1

K Money Market

Kasikorn

Money Market

Sep-07

154

498

235

2,583

2

K Fixed Income 3 Months AL

Kasikorn

Money Market

Nov-11

0

342

342

343

3

K Fixed Income 6 Months AG

Kasikorn

Money Market

Dec-11

0

330

330

332

4

K Fixed Income 6 Months AI

Kasikorn

Money Market

Jan-12

292

292

292

296

5

TMB M Plus

TMB Asset

Money Market

Feb-10

138

276

189

883

6

K Foreign Fixed Income 6 Months C

Kasikorn

Money Market

Jan-12

267

267

267

272

7

K Principal Protected Thai Fixed Income 3 Months J

Kasikorn


Nov-11

0

252

252

252

8

K Fixed Income 6 Months AE

Kasikorn

Money Market

Nov-11

0

250

250

250

9

K Fixed Income 6 Months AJ

Kasikorn

Money Market

Jan-12

232

232

232

236

10 K Foreign Fixed Income 1 Year S

Kasikorn

Bond Global

Dec-11

0

226

226

227

11 SCB Treasury Money Open End

SCB Asset

Money Market

Jul-09

-30

223

936

12 UOB Income Daily Open-ended

UOB Group

Bond Asia Pacific

Feb-11

72

210

13 K Fixed Income 3 Months AM

Kasikorn

Money Market

Dec-11

0

14 K Fixed Income 6 Months AF

Kasikorn

Money Market

Nov-11

15 K Fixed Income 6 Months AH

Kasikorn

Money Market

16 SCB Fixed Income 6M48

SCB Asset

17 Thanachart Cash Management

0.7

2.4

0.8

2.6

1,573

0.8

2.6

509

511

0.8

201

201

202

0

190

190

190

Dec-11

0

184

184

185

Money Market

Jan-12

182

182

182

185

Thanachart

Money Market

Aug-05

-16

180

294

788

18 K Principal Protected Thai Fixed Income 3 Months M

Kasikorn


Nov-11

0

170

170

170


SCB Asset

Money Market

Dec-11

0

167

167

168

20 K Foreign Fixed Income 1 Year T

Kasikorn

Bond Global

Dec-11

0

164

164

164


4,834 >100%



9,811 16%

0.8

2.6

4.5

4.9

Asia FlowWatch


Highest Cash Flow Funds in Malaysia Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Manager/Parent

Category


1

RHB Islamic Income Plus Fund 2

RHB Unit Trust Management Berhad

Bond Asia Pacific

May-11

255

266

339

345

0.8

2

Hwang AIIMAN Cash

HWANGDBS Investment Management

Money Market

Aug-06

9

116

343

623

0.8

3.0

7.8

3

Public Savings

Public Mutual Berhad

Equity Asia Pacific

Mar-81

58

91

172

449

2.9

-3.4

60.1

4

Public Ittikal


Equity Asia Pacific

Apr-97

22

73

360

1,016

3.2

-1.0

60.6

5

RHB Cash Management


Money Market

Aug-07

15

51

176

207

0.8

2.9

7.2

6

CIMB-Principal Corporate Deposit Fund 1

CIMB Principal

Money Market

Sep-11

0

45

83

86

0.9

7

PB Sukuk


Bond Asia Pacific

Sep-11

22

44

106

109

1.3

8

PRUlink Equity

Prudential Plc

Equity Asia Pacific

Jul-97

17

42

90

1,778

4.5

4.3

79.9

9

Hwang Fixed Maturity Income IV*

HWANGDBS Investment Management

Target Maturity

Nov-11

0

38

38

40

10 Public Islamic Sector Select


Equity Asia Pacific

Nov-07

1

38

-3

313

4.0

5.3

93.7

11 CIMB Islamic DALI Equity Growth

CIMB Principal

Equity Asia Pacific

May-98

-8

37

250

760

6.4

8.6

89.6

12 Eastspring Investments Bond

Prudential Plc

Bond Asia Pacific

May-01

7

35

44

75

1.1

9.4

13.0

13 Public Equity


Equity Asia Pacific

Aug-01

1

32

62

259

0.6

-4.8

76.1

14 AmPrecious Metals

AmInvestment Services Berhad


Nov-07

9

32

72

99

-6.5

-8.8

25.9

15 AmBond


Bond Asia Pacific

Jan-00

18

31

195

348

1.5

6.3

19.5

16 PRUlink Bond

Prudential Plc

Bond Asia Pacific

Jul-97

11

29

135

507

1.6

5.8

17.9

17 Public Islamic Select Enterprises


Equity Asia Pacific

Aug-08

7

28

200

324

6.9

9.2

76.3

18 OSK-UOB Gold and General

OSK-UOB Investment Management


Jul-09

2

27

71

107

-6.0

-8.8

19 Public Regular Savings


Equity Asia Pacific

Apr-94

6

26

146

855

6.6

6.2


Nov-11

22

22

22

23

20 ASM Syariah Capital Protected Sector Linked* ASM Investment Services Berhad Total funds above % of Market Share

1,102 >100%

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms. * Closed-end funds flows are not available except for IPOs and liquidation.


8,325 18%

96.0

Asia FlowWatch


Highest Cash Flow Funds in Indonesia Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Manager/Parent

Category


1

Schroder Dana Prestasi Dinamis

Schroders

Equity Asia Pacific

Oct-11

4

246

664

681

2.2

2

BNP Paribas Prima II

BNP Paribas

Bond Asia Pacific

Sep-07

80

204

210

357

6.3

3

Schroder Dana Campuran Progresif

Schroders

Mixed Balanced

Oct-11

-1

144

253

260

2.2

4

Mandiri Investa Pasar Uang

PT Mandiri Manajemen Investasi

Money Market

Mar-05

-6

136

123

583

5

Schroder Dana Mantap Plus II

Schroders

Bond Asia Pacific

Jan-07

53

82

38

6

Manulife Obligasi Negara Indonesia II

Manulife Financial

Bond Asia Pacific

Jan-09

28

53

7

AAA Balanced II

PT Andalan Artha Advisindo Sekuritas

Mixed Flexible

Sep-11

0

8

Panin Dana Bersama Plus

PT Panin Sekuritas

Mixed Flexible

Dec-11

9

Batavia Proteksi Prima 20

PT Batavia Prosperindo Aset Manajemen


10 Premier Obligasi

PT Indo Premier Securities

11 BNIAM Proteksi XXVIII

35.1

83.7

1.4

5.9

21.6

271

6.3

28.6

69.4

49

148

6.7

29.5

62.7

45

48

49

-4.6

5

45

45

46

Nov-11

0

34

34

35

Bond Asia Pacific

Oct-11

17

34

39

40

PT BNI Securities


Nov-11

0

33

33

34

12 Mandiri Saham Atraktif


Equity Asia Pacific

Oct-11

9

31

57

58

13 Batavia Dana Kas Maxima


Money Market

Feb-07

17

31

46

187

14 MNC Dana Lancar

PT Bhakti Asset Management

Money Market

Sep-04

10

28

17

45

15 Schroder IDR Bond

Schroders

Bond Asia Pacific

Mar-10

19

27

46

142

16 Batavia Proteksi Prima 17



Dec-11

0

27

27

27

17 Makara Prima

PT Bahana TCW Investment Management

Bond Asia Pacific

Nov-04

14

24

25

30

18 Bahana Reksa Panin Terproteksi A XVIII



Nov-11

0

23

23

23

19 Danareksa Proteksi Pendapatan Maxima II

PT Danareksa Investment Management


Jan-12

22

22

22

22

20 Danareksa Proteksi Pendapatan Maxima III



Jan-12

22

22

22

22


1,291 >100%



3,062 17%

3.9

1.3

7.4

30.0

Asia FlowWatch


Highest Cash Flow Funds - Asia Offshore/Cross-Border Assets&Flows&Performance 3 Months through January - 2012 Fund Name

Including Selected Offshore Funds* Launch Flows (US$M) AUM (US$M)Total Returns % LC Fund Manager/Parent Category Date 1Mth 3Mth 12Mth 1/12 3 Mth 1YR 3YR Currency

1

PIMCO GIS Global Inv Grd Crdt Inst USD Inc

PIMCO

Bond Global

Jul-03

742

1,767

3,809

13,995

3.5

7.2

40.7

USD

2

AllianceBernstein-American Income Pf A USD

AllianceBernstein

Bond USD

Jul-93

797

1,526

1,534

6,595

2.6

6.9

47.5

USD

3

Aberdeen Global - Emerging Markets Equity A2 Acc

Aberdeen


Aug-01

794

1,249

2,747

11,659

3.1

2.8

126.8

USD

4

Morgan Stanley Global Brands A USD

Morgan Stanley

Equity Global

Oct-00

261

1,057

2,795

5,403

-1.4

11.4

68.5

USD

5

Fidelity Funds - US High Yield A-USD

Fidelity

Bond High Yield

Sep-01

602

803

802

7,047

3.3

3.1

72.8

USD

6

M&G Corporate Bond A Inc

M&G Investments

Bond Europe

Apr-94

182

599

750

8,957

2.9

11.8

45.7

GBX

7

Neuberger Berman High Yield Bond USD Inst Acc

Neuberger Berman

Bond High Yield

May-06

413

586

1,322

5,121

2.5

3.4

69.2

USD

8

Morgan Stanley US Advantage A USD

Morgan Stanley

Equity North America

Dec-05

170

542

1,009

2,098

2.9

9.6

85.9

USD

9

PIMCO GIS Global High Yield Bd Inst USD Acc

PIMCO

Bond High Yield

Jun-05

424

528

878

3,409

3.0

4.7

61.6

USD

10 Templeton China A (acc) USD

Franklin Templeton

Equity Asia Pacific

Sep-94

464

520

1,166

2,457

2.9

-10.6

82.3

USD

11 Vontobel Fund Emerging Markets Eq B USD

Vontobel


Nov-92

178

517

993

2,344

1.8

10.9

110.3

USD

12 Aviva Investors Global High Yield Bond A USD

Aviva

Bond High Yield

Sep-08

373

498

746

859

3.3

5.4

76.1

USD

13 DWS Top Dividende

Deutsche DWS

Equity Global

Apr-03

280

497

746

8,608

5.4

7.0

54.9

EUR

14 UBS (Lux) Emerging Ec Global Bonds (USD) P-acc

UBS


Mar-98

485

494

538

1,865

2.1

7.4

64.6

USD

15 Invesco Balanced Risk Allocation C Acc

Invesco

Mixed Balanced

Sep-09

222

463

847

953

6.7

17.1

16 Templeton Asian Growth A (Ydis) USD

Franklin Templeton

Equity Asia Pacific

Jun-91

530

459

755

16,888

3.2

-3.1

155.7

USD

17 Vanguard Pacific Ex-Japan Stock Index USD

Vanguard

Equity Asia Pacific

Jul-05

238

455

464

730

-1.3

-3.5

111.6

USD

18 AXA WF US High Yield Bonds F C USD

AXA

Bond High Yield

Dec-06

301

402

291

2,433

3.1

5.0

73.5

USD

19 AXA IM FIIS US Short Duration High Yield A C USD

AXA

Bond High Yield

Apr-04

762

393

-2,848

7,723

2.4

4.4

34.3

USD

20 PIMCO GIS Global Bd Inst USD Acc

PIMCO

Bond Global

Mar-98

213

366

838

6,815

4.2

9.6

40.1

USD

Total funds above % of Market Share Notes:

13,722 >100%

* Data includes international/offshore funds registered for sale in Asia and multiple other non-Asia markets; assets and flows are reported on a worldwide basis; • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms.


115,957 6%

EUR

Asia FlowWatch


New Fund Introductions in Japan Ranked by Net Flows (US$M) 12 Months through January-2012

Fund Name

Manager/Parent

Category

Launch Date

Net Flows 3Mth 12Mth

1

Nomura Global High Div EQ Premium (CnySlt M Stt)

Nomura

Equity Global

Nov-11

1,157

1,157

8.5

2

Daiwa Harris World Equity Selection Fund

Daiwa

Equity Global

Apr-11

-45

1,035

6.2

-3.8

JPY

3

MitsubishiUFJ PIMCO New World JPY Income Fund

Mitsubishi UFJ


Feb-11

287

927

1.4

1.0

JPY

4

MitsubishiUFJ PIMCO New World Income (AUD) M Sttl

Mitsubishi UFJ


Mar-11

283

828

4.3

1.4

JPY

5

Daiwa Fidelity Asia High Yield Bond F(BRL M Sttl)

Daiwa

Bond Asia Pacific

Jul-11

8

740

9.2

1.5

JPY

6

SMAM Nikko World CB Fund (Currency Alpha Strategy)

Sumitomo Mitsui

Bond Convertibles

May-11

-228

686

6.0

2.4

JPY

7

Nomura Global Trend (NR) M Sttl

Nomura

Hedge

Apr-11

-229

638

3.8

0.5

JPY

8

Nomura East JPN Reconstruction Support Bond F1105

Nomura

Bond Asia Pacific

May-11

-29

577

0.1

0.3

JPY

9

Nomura Asia High Yield Bond F(CncySlct M Sttl)

Nomura

Bond Asia Pacific

Jan-12

562

562

JPY

10 JPM Global High Yield CB Fund 2012-01

JP Morgan

Bond Convertibles

Jan-12

558

558

JPY

11 Glo CB Em PLUS Curr Sel Mth Div USD-USD H

Mitsubishi UFJ

Bond Convertibles

Mar-11

-71

458

6.3

2.2

USD

12 Nikko Four Season

Nikko

Bond Global

Feb-11

215

444

1.4

1.1

JPY

13 Shinko High Income Portfolio (BRL 6M updating)

Shinko

Bond Global

Oct-11

146

423

9.1

4.5

JPY

14 Nomura JPN Undervalued Financial 1108

Nomura


Aug-11

-80

403

6.9

-0.5

JPY

15 Nomura JPN Smart City Equity Investment

Nomura

Equity Asia Pacific

May-11

-111

391

3.1

-2.6

JPY

16 Nikko BNY Mellon EM Mid-Small Cap Eq A Acc

BNY Mellon


Nov-11

384

384

10.7

17 Nikko Japan Undervalued Low-priced Equity F12-01

Nikko


Jan-12

376

376

18 Nomura Global Trend (JPY) 2/Yr

Nomura

Hedge

Apr-11

-113

376

-1.3

-1.3

JPY

19 Nissay Next Generation Healthcare Fund

Nissay


Mar-11

-28

355

1.7

-0.8

JPY

20 MHAM Japan Undervalued Equity F(EarlyRedemption)

Mizuho


Dec-11

353

353

4.2

Total funds above

11,670

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class.


Fund Total Return %(LC) 1Mth 3Mth Currency JPY

JPY JPY

JPY

Asia FlowWatch


New Fund Introductions in Korea Ranked by Net Flows (US$M) 12 Months through January-2012

Fund Name

Excludes Private Placement Funds and Offshore International Funds Launch Manager Category Date

Net Flows Total Return %(LC) 3Mth 12Mth 1Mth 3Mth

1

Hungkuk Safe Money Market Fund


Money Market

Jun-11

80

608

0.3

0.9

2

Kyobo AXA Power K100 ETF

Kyobo AXA

Equity Asia Pacific

Apr-11

18

519

7.1

2.5

3

Hyundai Inv-Asset Investment Institutional MMF 2

Hyundai Investments

Money Market

Jun-11

105

409

0.3

0.9

4

Mirae New Growth Industry Focus Target Conv Eq 2 A*

Mirae Asset

Equity Asia Pacific

Apr-11

0

280

2.7

-2.9

5

Mirae Asset MAPS Institutional Only MMF 1

Mirae Asset

Money Market

Oct-11

-9

191

0.3

0.9

6

Hanwha Arirang 200 ETF

Hanwha

Equity Asia Pacific

Jan-12

146

146

7

Hana UBS Compact Blue-chip Cons Buy Equity 1 Cls A*

Hana UBS

Equity Asia Pacific

May-11

0

113

5.1

0.0

8

Mirae Asset MAPS Mid & Long-term Bond Class C-I

Mirae Asset

Bond Asia Pacific

Sep-11

22

97

0.3

1.6

9

Franklin Templeton Monthly Payment Global Bond A

Franklin Templeton

Bond Global

Jul-11

13

97

3.4

1.3

10 KB Kstar200 ETF

KB Asset

Equity Asia Pacific

Oct-11

-3

96

7.1

2.2

11 Mirae New Growth Industry Focus Target Conv Eq 1 A*

Mirae Asset

Equity Asia Pacific

Mar-11

0

77

2.6

-2.8

12 Mirae Asset Age of Love Variable Insurance Eq1 C-F

Mirae Asset

Equity Asia Pacific

Jun-11

10

73

5.2

-2.1

13 Samsung Smart Plan Silver K Bond Mixed 1 Class A

Samsung

Mixed Conservative

Feb-11

0

70

1.2

1.6

14 KB China Mainland A Equity Class A

KB Asset

Equity Asia Pacific

Mar-11

-20

68

0.7

-9.0

15 SHBNPPGoodMorningConsecutiveBuyPlusTargetConMix6A1*

Shinhan BNP Paribas

Mixed Conservative

Apr-11

0

66

5.7

-0.1

16 NH-CA Instituional Active Growth Equity Class C2

NH-CA

Equity Asia Pacific

Jul-11

5

66

5.1

-0.6

17 My Asset Korea Multi Plus Equity FOF Class C-W

My Asset IMC

Equity Asia Pacific

Feb-11

-5

57

3.9

-1.5

18 KB KStar Credit Bond Securities ETF

KB Asset

Bond Asia Pacific

Apr-11

0

47

0.5

-0.7

19 Hana UBS Smart Up Plus Focus Portfolio Eq Mix 4 A*

Hana UBS

Mixed Conservative

Apr-11

0

46

5.2

0.4

20 SH BNPPGoodMorningConsecutiveBuy+StrategyEqMix1 A1*

Shinhan BNP Paribas

Mixed Conservative

Jun-11

0

45

4.6

0.1

Total funds above

3,170

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund localcurrency terms. * Closed-end funds flows are not available except for IPOs and liquidation.


Asia FlowWatch


New Fund Introductions in India Ranked by Net Flows (US$M) 12 Months through January-2012 Fund Name

Flows Updated Quarterly;Performance Updated Monthly through January 2012* Launch Net Flows Manager Category Date 3Mth 12Mth

Total Return %(LC) 1Mth 3Mth

1

Reliance Gold Savings Fund-Growth

Reliance Capital

Commodities

Mar-11

206

573

3.7

4.4

2

Birla Sun Life Fixed Term Plan-Series CO-Growth**

Birla Sun Life

Bond Asia Pacific

Feb-11

0

294

0.8

2.3

3


Reliance Capital

Bond Asia Pacific

Jan-12

281

281

4

DSP BlackRock FMP-12M-Series 13-Growth**

Blackrock

Bond Asia Pacific

Feb-11

0

279

0.8

2.4

5

Indiabulls Liquid Fund-Growth

Indiabulls

Money Market

Oct-11

44

257

0.8

2.4

6



Bond Asia Pacific

Apr-11

0

250

0.9

2.2

7

HDFC FMP 375D July 2011 (2)-Growth**

HDFC

Bond Asia Pacific

Aug-11

0

213

0.7

2.2

8



Bond Asia Pacific

Mar-11

0

203

0.8

2.3

9

Reliance Fixed Horizon Fund-XVII-Srs 6-Growth**

Reliance Capital

Bond Asia Pacific

Feb-11

0

177

10 Kotak FMP Series 40-Growth**

Kotak Mahindra

Bond Asia Pacific

Mar-11

0

168

0.8

2.4

11 UTI-Fixed Term Income Fd-Sr IX-I (367 Days)-Growth**

UTI

Bond Asia Pacific

Mar-11

0

164

0.9

2.3

12 SBI Debt Fund Series 370 Days-12-Growth**


Bond Asia Pacific

Apr-11

0

161

0.8

2.2

13 DSP BlackRock FMP-12M-Series 18-Growth**

Blackrock

Bond Asia Pacific

Mar-11

0

158

0.8

2.3

14 Birla Sun Life Fixed Term Plan-Series CW-Growth**

Birla Sun Life

Bond Asia Pacific

Mar-11

0

152

0.9

2.2

15 DSP BlackRock FMP-12M-Series 14-Growth**

Blackrock

Bond Asia Pacific

Feb-11

0

150

0.8

2.4

16 SBI Gold Fund-Growth


Commodities

Sep-11

44

146

3.3

4.1

17 IDFC Fixed Maturity Plan-Yearly Series 37-Growth**


Bond Asia Pacific

Feb-11

0

141

0.8

2.4

18 SBI Debt Fund Series 90 Days-43-Growth**


Bond Asia Pacific

May-11

0

138

19 JPMorgan India Fixed Maturity Pl 400D Srs 1-Growth**

JP Morgan

Bond Asia Pacific

Feb-11

0

137

0.8

2.5

20 Kotak FMP Series 34-Growth**

Kotak Mahindra

Bond Asia Pacific

Feb-11

0

133

Total funds above

4,174

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund currency terms. * Flows exclude January 2012 except for new fund IPOs in this month; funds in India report average assets quarterly; 3 month total return is as of January 2012. ** Closed-end funds flows are not available except for IPOs and liquidation.


Asia FlowWatch


New Fund Introductions in China Ranked by Net Flows (US$M) 12 Months through January-2012 Fund Name

Flows Updated Quarterly;Performance Updated Monthly through January 2012* Launch Net Flows Manager Category Date 3Mth 12Mth


1

China Southern Principal-guaranteed Fund

China Southern


Jun-11

-28

704

0.7

1.4

2

Bosera YuXiang Classification Bond Fund A**

Bosera

Bond Asia Pacific

Jun-11

0

618

0.4

1.2

3

Changsheng Tongxi Debenture Bonds Fund A

Changsheng

Bond Asia Pacific

Dec-11

582

582

0.6

4

China Universal Social Responsibility Fund

China Universal

Equity Asia Pacific

Mar-11

-18

573

-2.5

5

ICBCCS Capital Protection Fund

ICBC Credit Suisse


Dec-11

541

541

0.7

6

Fullgoal Tianying Classification Bond Fund A**

Fullgoal

Bond Asia Pacific

May-11

0

539

0.4

1.2

7

China GF Ju-Xiang Capital Protected Fund

GF Fund


Mar-11

-26

522

0.4

1.6

8

MinSheng Royal Booming Industrial Equity Fund

Minsheng Royal

Equity Asia Pacific

Nov-11

503

503

1.6

9

BOC Small and Middle Cap Equity Fund

BOC International

Equity Asia Pacific

Nov-11

479

479

0.4

10 Yinhua CSI Equal Weight 90 Index Classification Fd

Yinhua

Equity Asia Pacific

Mar-11

14

472

6.7

11 Penghua Fengze Split Capital Structure Fund A

Penghua

Bond Asia Pacific

Dec-11

456

456

0.4

12 ABF China Bond Index Fund (Class A)

China AMC

Bond Asia Pacific

May-11

34

452

0.4

2.8

13 ABC-CA CSI 300 Index Fund

ABC-CA Fund Management

Equity Asia Pacific

Apr-11

-9

431

4.8

-8.1

14 Wanjia Tianli Bond Fund A**

Wanjia

Bond Asia Pacific

Jun-11

0

406

0.4

1.2

15 Ping-An UOB Industry Leaders Equity Fund

Ping An

Equity Asia Pacific

Sep-11

-67

399

1.2

-9.0

16 ICBCCS All Seasons Yield Bond Fund**

ICBC Credit Suisse

Bond Asia Pacific

Feb-11

0

366

1.0

4.4

17 Lion Capital Protection Fund

Lion Fund Management


May-11

-17

365

0.8

1.9

18 Guotai Principal Guaranteed Fund

Guotai


Apr-11

-13

357

0.4

-2.2

19 ICBCCS Consumer and Services Industry Equity Fund

ICBC Credit Suisse

Equity Asia Pacific

Apr-11

6

321

-2.4

-10.0

20 Changsheng Tongxin Principal Guaranteed Fund

Changsheng


May-11

-46

318

0.8

1.7

Total funds above

9,403

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund local currency terms. * Flows exclude January 2012 except for new fund IPOs in this month; funds in China report assets quarterly; 3 month total return is as of January 2012. ** Closed-end funds flows are not available except for IPOs and liquidation.


-11.8

-7.3

Asia FlowWatch


New Fund Introductions in Taiwan Ranked by Net Flows (US$M) 12 Months through January-2012 Fund Name

Manager

Category

Launch Date

1

Fuh Hwa Emerging Market High Yield Bond Fund A

Fuh-Hwa


May-11

-12

207

7.1

2.6

TWD

2

Sinopac EMD & High Yield Bond Fund Of Funds Acc

Grand Cathay

Bond Global

May-11

-16

172

2.4

2.1

TWD

3

BNP Paribas TCB Elite Taiwan Fund

BNP Paribas TCB

Equity Asia Pacific

Jun-11

-29

170

12.6

2.0

TWD

4

JPM (Taiwan) Emerging Markets Debt Fund - Acc

JP Morgan


Apr-11

9

168

1.6

0.4

TWD

5

Polaris Global ETF of Bond Fund


Bond Global

Nov-11

128

128

0.0

TWD

6

HSBC Dim Sum High Yield Bond Fund

HSBC

Bond Asia Pacific

Dec-11

124

124

-0.2

TWD

7

AGI All Seasons Harvest Fund of Bond Fund-A

Allianz

Bond Global

Jan-12

122

122

8

Franklin Templeton SinoAm China Consumption Fund

Franklin Templeton

Equity Global

Mar-11

1

107

7.4

-3.1

TWD

9

JPM (Taiwan) Asia High Yield Total Return Bd Fd-A

JP Morgan

Bond Asia Pacific

Sep-11

-35

107

2.4

1.3

TWD

10 Manulife China Dim Sum USD High Yield Bond Fund A

Manulife Financial

Bond Asia Pacific

Jul-11

-27

105

1.6

1.1

USD

11 Manulife China Offshore Bond Fund A

Manulife Financial

Bond Asia Pacific

Nov-11

105

105

-0.2

12 Prudential Financial China Brands Fund

Prudential Financial

Equity Asia Pacific

Mar-11

-2

104

3.4

-3.7

TWD

13 Cathay China Domestic Demand Growth Fund

Cathay Securities

Equity Asia Pacific

Jun-11

-8

97

5.4

-4.1

TWD

14 Capital India Medium and Small Cap Equity Fund


Equity Asia Pacific

Jun-11

-10

95

11.4

-7.4

TWD

15 Fubon SSE180 ETF

Fubon

Equity Asia Pacific

Aug-11

-10

93

3.4

-7.3

TWD

16 Capital ASEAN Fund



Mar-11

-7

92

4.1

-0.7

TWD

17 JPM (Taiwan) Global Natural Resources Leaders Fund

JP Morgan

Equity Global

Apr-11

-4

88

10.8

-0.9

TWD

18 ING Asia Pacific High Yield Bond Fund Acc

ING

Bond Asia Pacific

Jun-11

-38

85

2.0

1.5

TWD

19 Yuanta Taiwan Stock Index Fund

Yuanta

Equity Asia Pacific

Apr-11

-11

85

5.7

-1.6

TWD

20 Prudential Financial Asia Bond Fund Acc

Prudential Financial


Jul-11

-20

79

0.1

-0.2

TWD

Total funds above


2,332

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund currency terms.


Fund Total Return %(LC) 1Mth 3Mth Currency

TWD

TWD

Asia FlowWatch


New Fund Introductions in Hong Kong Ranked by Net Flows (US$M) 12 Months through January-2012 Fund Name

Including Locally Domiciled Funds and Selected Offshore Funds* Launch Net Flows Manager Category Date 3Mth 12Mth

Fund Total Return %(LC) 1Mth 3Mth Currency

1

HSBC Asian High Yield Bond AC USD

HSBC

Bond Asia Pacific

May-11

67

1,289

2.9

2.5

USD

2

Schroder Asian Asset Income Fund A HKD Acc

Schroders

Mixed Flexible

Jun-11

45

1,048

4.3

2.3

HKD

3

Ping An of China SIF - RMB Bond Fund

Ping An

Bond Asia Pacific

Apr-11

22

260

0.6

-0.3

CNY

4

Principal LSF-Hong Kong Bond Fund

Principal Financial

Bond Asia Pacific

Oct-11

84

84

1.0

1.0

HKD

5

JPM Multi Income Fund - USD Class

JP Morgan

Mixed Flexible

Sep-11

26

53

3.4

3.2

USD

6

CCB International - RMB Fixed Income Fund

China Construction Bank

Bond Asia Pacific

Mar-11

-4

46

-0.2

-0.4

CNY

7

HSBC MSCI Taiwan ETF (HK)

HSBC

Equity Asia Pacific

Apr-11

10

41

6.4

0.3

TWD

8

HSBC MSCI China ETF (HK)

HSBC

Equity Asia Pacific

Apr-11

33

10.7

3.9

HKD

9

RCM US - Ordinary - Class A

Allianz


Dec-11

23

23

5.3

10 Mirae Asset TIGER S&P Emerging Asia Consumer ETF

Mirae Asset


Jan-12

22

22

11 Manulife Global Fund-Asia Total Return AA

Manulife Financial

Bond Asia Pacific

May-11

-1

20

2.8

0.5

USD

12 HSBC MSCI Golden Dragon ETF

HSBC

Equity Asia Pacific

Apr-11

18

9.8

3.0

HKD

13 Mirae Asset TIGER S&P Global Consumer Brands ETF

Mirae Asset


Jan-12

17

17

HKD

14 Mirae Asset TIGER S&P Asia ex JANZ IT ETF

Mirae Asset


Jan-12

16

16

HKD

15 HSBC MSCI Hong Kong ETF

HSBC

Equity Asia Pacific

Apr-11

0

14

9.2

16 CMS CSI Overseas Mainland Enterprises ETF

China Merchants

Equity Asia Pacific

Nov-11

13

13

10.9

17 HSBC MPF-Value Choice-Hang Seng Index Tracking

HSBC

Equity Asia Pacific

Mar-11

3

12

18 Invesco Asian Bond A Acc USD

Invesco

Bond Asia Pacific

Dec-11

10

10

19 HSBC MPF-Value Choice-HS H-Share Index Tracking

HSBC

Equity Asia Pacific

Mar-11

2

10

HKD

20 HSBC MPF-Value Choice-MPF Conservative

HSBC

Money Market

Mar-11

3

9

HKD

Total funds above

3,037

Notes: * Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market. • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund currency terms.


HKD HKD

3.0

HKD HKD HKD

2.2

USD

Asia FlowWatch


New Fund Introductions in Singapore Ranked by Net Flows (US$M) 12 Months through January-2012 Fund Name

Including Locally Domiciled Funds and Selected Offshore Funds* Launch Net Flows Manager Category Date 3Mth 12Mth


Fund Currency

1

Eastspring IUT-Singapore Select Bond A

Prudential Plc

Bond Asia Pacific

Apr-11

19

102

1.3

1.3

SGD

2

Fullerton Singapore Bond A

Fullerton

Bond Asia Pacific

Aug-11

0

99

0.8

0.9

SGD

3

PruLink Singapore Dynamic Bond

Prudential Plc

Bond Asia Pacific

Apr-11

19

61

1.2

1.2

SGD

4

Fullerton SGD Income A

Fullerton

Bond Asia Pacific

Jan-12

52

52

5

Schroder Asian Income

Schroders

Mixed Balanced

Oct-11

26

49

2.2

2.0

SGD

6

iShares J.P. Morgan USD Asia Credit Bond Index ETF

Blackrock

Bond Asia Pacific

May-11

-17

45

1.9

1.8

USD

7

iShares Barclays Cap Asia Local Cur Bond Index ETF

Blackrock

Bond Asia Pacific

May-11

-6

37

4.0

2.4

USD

8

DBS Asia Asset Allocator SGD

DBS Bank

Absolute Return

Jun-11

-8

27

1.4

-0.3

SGD

9

Schroder Multi-Asset Revolution 70

Schroders

Mixed Aggressive

Jun-11

0

26

3.1

1.8

SGD

10 Schroder Multi-Asset Revolution 50

Schroders

Mixed Balanced

Jun-11

0

23

2.5

1.7

SGD

11 iShares Barclays Cap USD Asia HY Bond Index ETF

Blackrock

Bond Asia Pacific

Dec-11

21

21

3.6

12 United China Strategic Focus Fund

UOB Group

Equity Asia Pacific

Feb-11

-1

19

13 United Renminbi Bond Fund

UOB Group

Bond Asia Pacific

May-11

-1

16

14 First State Global Agribusiness SGD

Colonial First State


May-11

-1

15 Schroder Multi-Asset Revolution 30

Schroders

Mixed Conservative

Jun-11

16 LionGlobal New Target Return

Lion Capital

Mixed Balanced

SGD

USD -3.2

SGD

0.7

3.6

SGD

14

6.9

4.0

SGD

0

11

1.8

1.3

SGD

Dec-11

11

11

-0.1

SGD

17 iShares BarclaysCap Asia LocCurr 1-3 Y Bd IndexETF

Blackrock

Bond Asia Pacific

Dec-11

9

9

3.2

18 Phillip Singapore Real Estate Income A SGD

Phillip Capital

Real Estate Equity

Sep-11

4

7

4.1

0.2

SGD

19 Global Enhanced Opportunities - GEO 8

CIMB Principal

Absolute Return

Aug-11

0

5

1.9

0.5

SGD

20 Aberdeen Asian Local Currency Short Duration Bond

Aberdeen

Bond Asia Pacific

May-11

0

4

-1.2

0.2

SGD

Total funds above

640

Notes: * Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market. • REITs Flows not available. • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund currency terms.


USD

Asia FlowWatch


New Fund Introductions in Thailand Ranked by Net Flows (US$M) 12 Months through January-2012

Fund Name

Manager

Category

Launch Date

1

UOB Income Daily Open-ended

UOB Group

Bond Asia Pacific

Feb-11

210

509

2

K Fixed Income 3 Months AL

Kasikorn

Money Market

Nov-11

342

342

3

K Fixed Income 6 Months AG

Kasikorn

Money Market

Dec-11

330

330

4

K Fixed Income 6 Months AI

Kasikorn

Money Market

Jan-12

292

292

5

K Foreign Fixed Income 6 Months C

Kasikorn

Money Market

Jan-12

267

267

6

K Principal Protected Thai Fixed Income 3 Months J

Kasikorn


Nov-11

252

252

7

K Fixed Income 6 Months AE

Kasikorn

Money Market

Nov-11

250

250

0.2

8

SCB Foreign Fixed Income 1Y3

SCB Asset

Bond Asia Pacific

Jun-11

0

235

-0.2

9

K Fixed Income 6 Months AJ

Kasikorn

Money Market

Jan-12

232

232

10 K Foreign Fixed Income 1 Year S

Kasikorn

Bond Global

Dec-11

226

226

0.0

11 K Foreign Fixed Income 1 Year E

Kasikorn

Bond Asia Pacific

Jun-11

0

212

-0.1

-0.1

12 K Foreign Fixed Income 1 Year F

Kasikorn

Bond Asia Pacific

Jun-11

0

208

-0.1

0.0

13 K Fixed Income 3 Months AM

Kasikorn

Money Market

Dec-11

201

201

0.1

14 K Foreign Fixed Income 1 Year M

Kasikorn

Bond Asia Pacific

Aug-11

0

200

-0.2

0.2

15 K Foreign Fixed Income 1 Year L

Kasikorn

Bond Asia Pacific

Aug-11

0

197

0.1

0.2

16 K Fixed Income 6 Months AF

Kasikorn

Money Market

Nov-11

190

190

0.1

17 K Fixed Income 6 Months AH

Kasikorn

Money Market

Dec-11

184

184

0.1


SCB Asset

Money Market

Sep-11

0

183

0.2


SCB Asset

Money Market

Jan-12

182

182

20 K Principal Protected Thai Fixed Income 3 Months M

Kasikorn


Nov-11

170

170

Total funds above


4,861



Total Return %(LC) 1Mth 3Mth 0.3

0.8

0.2

0.3

0.8

0.9

Asia FlowWatch


New Fund Introductions in Malaysia Ranked by Net Flows (US$M) 12 Months through January-2012

Fund Name

Manager

Category

Launch Date

1

RHB Islamic Income Plus Fund 2


Bond Asia Pacific

May-11

266

339

2

Kenanga Cash Management

CMS Trust Management Berhad

Money Market

Mar-11

-17

146

3

PB Sukuk


Bond Asia Pacific

Sep-11

44

106

0.5

1.3

4

Hong Leong Income Management II*

HLG Unit Trust Berhad

Unclassified

Aug-11

0

86

0.7

2.1

5

CIMB-Principal Corporate Deposit Fund 1

CIMB Principal

Money Market

Sep-11

45

83

0.2

0.9

6

AMB Dana Nabeel

Amanah Mutual Berhad

Money Market

Jul-11

0

73

0.2

0.7

7

Public Singapore Equity


Equity Asia Pacific

Jun-11

1

61

6.1

1.4

8

PB Bond


Bond Asia Pacific

Sep-11

14

56

0.4

0.9

9

Hwang Select Dividend

HWANGDBS Investment Management Berhad

Equity Asia Pacific

Mar-11

-1

46

2.2

4.2

10 Hwang Fixed Maturity Income III*


Target Maturity

Sep-11

0

43

1.9

2.6

11 Affin Quantum

Affin Fund Management Berhad

Equity Asia Pacific

Jun-11

-1

40

0.2

4.5

12 Hwang Fixed Maturity Income IV*


Target Maturity

Nov-11

38

38

1.7

13 Public Sukuk


Bond Asia Pacific

Jul-11

11

32

0.4

1.3

14 CIMB-Principal Asia Pacific Dynamic Income

CIMB Principal

Equity Asia Pacific

Apr-11

0

29

1.3

3.8

15 AmAdvantage Brazil



May-11

-1

29

9.3

0.9

16 PB Asia Pacific Enterprises


Equity Asia Pacific

Mar-11

0

23

2.8

-2.4

17 ASM Syariah Capital Protected Sector Linked

ASM Investment Services Berhad


Nov-11

22

22

0.1

18 PB Growth Sequel


Equity Asia Pacific

Nov-11

22

22

0.4

19 AmConstant Flexi


Target Maturity

Jan-12

21

21

20 KAF Islamic Money Market

KAF Fund Management Sdn Bhd

Money Market

Jun-11

-69

21

Total funds above


1,315

Notes: • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund currency terms. * Closed-end funds flows are not available except for IPOs and liquidation.


Total Return %(LC) 1Mth 3Mth 0.3

0.8 0.6

0.3

0.8

Asia FlowWatch


New Fund Introductions in Indonesia Ranked by Net Flows (US$M) 12 Months through January-2012

Fund Name

Manager

Category

Launch Date

1

Schroder Dana Prestasi Dinamis

Schroders

Equity Asia Pacific

Oct-11

246

664

2.1

2.2

2

Schroder Dana Campuran Progresif

Schroders

Mixed Balanced

Oct-11

144

253

1.6

2.2

3

Mandiri Investa Ekuitas Dinamis


Equity Asia Pacific

Mar-11

12

90

3.0

0.3

4

BNP Paribas Star

BNP Paribas

Equity Asia Pacific

Jun-11

-10

77

3.2

6.7

5

Mandiri Saham Syariah Atraktif


Equity Asia Pacific

Oct-11

12

72

3.5

4.1

6

Mandiri Saham Atraktif


Equity Asia Pacific

Oct-11

31

57

2.5

1.3

7

Danareksa Mawar Konsumer 10


Equity Asia Pacific

Feb-11

-4

56

2.2

1.8

8

Danareksa Proteksi Dinamis Fleksibel II



May-11

0

54

1.5

2.5

9

AAA Balanced II

PT Andalan Artha Advisindo Sekuritas

Mixed Flexible

Sep-11

45

48

2.4

-4.6

10 Mandiri Protected Smart Syariah Seri 1



May-11

0

46

1.8

2.6

11 Panin Dana Bersama Plus

PT Panin Sekuritas

Mixed Flexible

Dec-11

45

45

3.4

12 Bahana Reksa Panin Terproteksi XIV



Feb-11

-1

41

0.6

4.9

13 Premier Obligasi

PT Indo Premier Securities

Bond Asia Pacific

Oct-11

34

39

2.5

3.9

14 Mandiri Protected Smart Seri 7



Oct-11

0

36

1.0

2.5




Nov-11

34

34

1.4

16 Mandiri Protected Smart Seri 4



Jul-11

-1

34

0.9

2.6

17 BNIAM Proteksi XXVII

PT BNI Securities


Oct-11

0

34

0.6

1.7

18 BNIAM Proteksi XXVIII

PT BNI Securities


Nov-11

33

33

0.5




Apr-11

0

33

1.5

3.8

20 TRAM Consumption Plus

PT Trimegah Securities

Equity Asia Pacific

May-11

-1

31

1.7

-0.1

Total funds above


1,779




Asia FlowWatch


New Fund Introductions - Asia Offshore/Cross-Border Ranked by Net Flows (US$M) 12 Months through January-2012 Selected Offshore Funds* Fund Name

Manager

Category

Launch Date

1

UTI International Debt Opportunities Ltd

UTI

Bond USD

Sep-11

0

931

7.6

2

Fidelity Funds - China Consumer A-Acc-USD

Fidelity

Equity Asia Pacific

Feb-11

66

417

6.3

-0.1

USD

3

Julius Baer Alternative Strateg Diversifier B

Julius Baer

Hedge

May-11

-6

231

0.3

-0.2

USD

4

Investec GSF Emerging Markets Equity A Acc USD

Investec


Apr-11

26

162

9.5

2.3

USD

5

AllianceBernstein-RMB Income Plus Portfolio A2 CNH

AllianceBernstein

Bond Asia Pacific

May-11

61

149

1.3

0.9

USD

6

Invesco Global Equity Income A Acc USD

Invesco

Equity Global

Oct-11

-1

126

2.7

1.4

USD

7

Julius Baer Alternative Strategies Enhancer B

Julius Baer

Hedge

May-11

-3

124

2.1

0.1

USD

8

Goldman Sachs GMS Em Mkts Equity Pf P Acc USD

Goldman Sachs


Jan-12

124

124

9

Eastspring Investments US Corporate Bond A

Prudential Plc

Bond USD

Feb-11

34

114

2.0

2.7

USD

10 Calamos Emerging Markets A USD Acc

Calamos

Mixed Aggressive

Feb-11

24

104

5.8

-0.6

USD

11 Skandia Asian Equity A GBP

Skandia Group

Equity Asia Pacific

Mar-11

22

103

7.1

3.5

USD

12 Goldman Sachs Glo Strat Inc Bond Pf Base Acc USD

Goldman Sachs

Bond Global

Mar-11

3

95

1.2

0.4

USD

13 Clariden Leu (Lux) I - Emerg Mark Bond Fund B USD

Clariden Leu


Sep-11

-3

91

2.6

1.6

USD

14 PGSF-Global High Yield Emerging Equities Fund-M

Pictet

Equity Global

Apr-11

16

73

9.4

-0.6

JPY

15 Investec GSF Emerging Markets Corp Debt USD A Acc

Investec


Apr-11

-1

66

3.0

1.5

USD

16 Morgan Stanley EM Corporate Debt A USD

Morgan Stanley


Mar-11

2

48

3.9

1.8

USD

17 HSBC GIF China Consumer Opportunities AC USD

HSBC

Equity Global

Sep-11

24

47

8.2

-2.2

USD

18 Skandia Global Futures A USD

Skandia Group

Bond Global

Nov-11

46

46

0.6

19 Mirae Asset India Sector Leader Equity A USD

Mirae Asset

Equity Asia Pacific

Mar-11

-3

42

17.4

-3.3

USD

20 Goldman Sachs Strat Commodities Pf Base Acc USD

Goldman Sachs

Commodities

Apr-11

0

39

3.4

-1.0

USD

Total funds above


3,133

Notes: * Data includes international/offshore funds registered for sale in Asia and multiple other non-Asia markets; assets and flows are reported on a worldwide basis; • Indicates primary share class, assets and flows are totaled on a portfolio level, and performance and other data is for the primary class. • Total returns are cumulative in fund currency terms.


Fund Total Return %(LC) 1Mth 3Mth Currency USD

USD

USD

Asia FlowWatch


Largest Fund Managers in Japan 12 Month Assets Growth and Cash Flows January - 2012 Excludes "Money Management" and "Money Reserve" Funds*

Fund Manager

Assets (US$M) % Chg 1/12 12Mth

Equity

Mixed

12 Months Net Flows (US$M) Subtotal Money Bond Other L-T Market

Total Funds

% of AUM 12Mth

1

Nomura Asset Management Co Ltd

119,092

-3%

8,169

-2,443

1,087

204

7,016

-69

6,947

6%

2

Daiwa Asset Management Co Ltd

83,098

5%

2,389

-1,676

-2,566

9,572

7,718

-20

7,698

10%

3

Nikko Asset Management Co Ltd

66,576

1%

2,731

791

1,870

4,330

9,722

-346

9,376

14%

4

Mitsubishi UFJ Asset Management Co Ltd

48,632

-2%

33

-704

2,192

163

1,684

0

1,684

3%

5

Kokusai Asset Management Co Ltd

38,705

-19%

-380

-310

-8,807

2,265

-7,233

0

-7,233

-15%

6

Daiwa SB Investments Ltd

31,921

16%

-1,718

-526

9,296

-138

6,914

-3

6,912

25%

7

DIAM Co Ltd

23,044

-1%

101

-211

710

242

841

-19

822

4%

8

Shinko Investment Trust Management Co Ltd

21,122

28%

-176

-44

-92

7,172

6,860

0

6,860

42%

9

FIL Investments (Japan) Ltd

21,004

-10%

-565

-529

1,642

-535

13

0

13

0%

10

Sumitomo Mitsui Asset Management Co Ltd

20,775

-9%

-544

-399

121

964

142

0

142

1%

11

Mizuho Asset Management Co Ltd

20,361

6%

250

-832

2,749

380

2,547

-79

2,468

13%

12

Pictet Asset Management (Japan) Ltd

12,435

-18%

-392

-185

-162

1

-738

0

-738

-5%

13

UBS Global Asset Management (Japan) Ltd

11,647

44%

-658

-176

4,495

-26

3,635

0

3,634

45%

14

Nissay Asset Management Corp

10,348

-9%

460

2

-1,389

10

-917

-15

-932

-8%

15

Okasan Asset Management Co Ltd

9,705

-7%

334

0

-321

525

538

22

560

5%

538,465

-1%

10,033

-7,242

10,824

25,128

38,743

-530

38,213

7%

>100%

na

66%

96%

>100%

na

>100%

Total managers above % of Market Share

80%

Notes: * Excludes funds tracked by JITA as "Money Management" and "Money Reserve"; Funds defined as Money Market by Lipper Inc. are included.


Asia FlowWatch


Largest Fund Managers in Korea 12 Month Assets Growth and Cash Flows January - 2012 Excludes Private Placement Funds and Offshore International Funds

Fund Manager


Equity

Mixed


Total Funds

% of AUM 12Mth

1

Mirae Asset Investments

21,104

-26%

-3,700

-852

575

-124

-4,102

131

-3,970

-14%

2

Samsung Investment Trust Management

14,451

7%

2,848

-2

-11

-9

2,827

-929

1,898

14%

3

Korea ITMC

12,175

10%

1,186

-27

12

na

1,170

428

1,598

14%

4

Shinhan BNP Paribas Investment Trust Management

10,952

-19%

-422

286

-5

-2

-143

-1,351

-1,495

-11%

5

KB Asset Ltd

10,891

11%

1,837

110

46

0

1,993

-665

1,328

14%

6

UBS Hana Asset Management

8,191

-16%

454

-88

-33

0

333

-1,375

-1,042

-11%

7

Woori Asset Management Co Ltd

7,140

8%

112

-19

-260

-8

-174

702

527

8%

8

NH-CA Asset Management Company

4,739

16%

28

9

1

na

38

588

626

15%

9

IBK Asset Managment Co., Ltd.

3,999

-22%

101

29

23

-5

147

-1,421

-1,274

-25%

10

Hanwha Asset Management

3,786

-14%

166

-231

-52

-24

-141

-154

-295

-7%

11

Schroder Investment Trust Management Co., Ltd.

3,643

-35%

-1,448

-48

-3

na

-1,499

0

-1,499

-27%

12

Kyobo AXA Investment Managers co,Ltd.

3,495

62%

733

-3

25

0

755

601

1,357

63%

13

KDB Asset Ltd

3,090

12%

42

-7

-1

-2

32

325

357

13%

14

Hungkuk Investment Trust Management Co., Ltd

3,087

29%

-8

-114

-22

na

-144

767

622

26%

15

Dongbu Asset Management

2,950

-8%

87

-16

-22

na

49

-256

-207

-6%

113,694

-9%

2,016

-974

272

-174

1,141

-2,609

-1,468

-1%

44%

na

na

na

42%

na

na


75%


Asia FlowWatch


Largest Fund Managers in India 12 Month Assets Growth and Cash Flows January - 2012 Data Updated Quarterly*

Fund Manager


Equity

Mixed


Total Funds

% of AUM 12Mth

1

HDFC Asset Management Company Limited

18,683

1%

1,808

-162

1,069

16

2,732

-206

2,525

14%

2

Reliance Capital Asset Management Limited

16,592

-23%

260

-615

-2,095

388

-2,062

-266

-2,328

-11%

3

ICICI Prudential Asset Management Company Limited

13,301

1%

660

-368

-844

-27

-579

-621

-1,200

-9%

4

UTI Asset Management Company Limited

12,095

-2%

655

-157

-119

7

386

796

1,182

10%

5

Birla Sun Life Asset Management Company Limited

11,609

-12%

269

-168

-823

11

-710

409

-301

-2%

6

SBI Funds Management Private Limited

8,565

3%

362

-48

1,244

280

1,838

462

2,299

28%

7

Franklin Templeton Asset Mgmt (India) Pvt. Ltd.

7,343

-12%

381

-73

-365

0

-57

-480

-537

-6%

8

DSP BlackRock Investment Managers Private Ltd.

5,863

-5%

341

-37

482

na

786

-139

646

10%

9

Kotak Mahindra Asset Management Company Limited

5,840

-17%

20

22

-344

207

-95

-489

-583

-8%

10

IDFC Asset Management Company Limited

5,334

31%

229

-71

815

na

973

713

1,686

41%

11

Tata Asset Management Limited

4,213

-10%

-69

-3

-384

na

-456

356

-100

-2%

12

Sundaram Asset Management Company Limited

3,036

-3%

109

177

291

na

577

-36

541

17%

13

Deutsche Asset Management (India) Private Limited

2,597

50%

-8

1

270

na

263

793

1,056

61%

14

Religare Asset Management Company Private Limited

2,318

-10%

3

-24

135

0

115

130

245

10%

15

FIL Fund Management Private Limited

1,839

-6%

215

8

58

na

281

-87

194

10%

119,227

-6%

5,235

-1,517

-610

883

3,991

1,334

5,325

4%

95%

na

na

83%

78%

70%

76%


87%

Notes: • Funds in India report average assets quarterly except for IPOs; monthly data estimated by Strategic Insight; see methodologies page regarding latest months.


Asia FlowWatch


Largest Fund Managers in China 12 Month Assets Growth and Cash Flows January - 2012 Data Updated Quarterly*

Fund Manager


Equity

Mixed


Total Funds

% of AUM 12Mth

1

China Asset Management Company Ltd

28,185

-17%

280

-53

5

na

232

-352

-120

0%

2

Harvest Fund Management Company Limited

21,686

-11%

306

36

-385

-27

-70

1,754

1,684

7%

3

E Fund Management Company Ltd

21,350

-3%

279

72

190

-23

518

2,468

2,986

14%

4

China Southern Fund Management Company Ltd

18,145

1%

-52

-19

7

229

164

1,700

1,865

10%

5

Bosera Asset Management Company Ltd

17,057

-3%

5

-29

-8

-10

-42

1,117

1,075

6%

6

GF Fund Management Co Ltd

15,483

-2%

-45

-33

176

-41

57

1,583

1,640

10%

7

Hua An Fund Management Company Ltd

12,378

0%

376

2

129

0

507

1,989

2,496

20%

8

Dacheng Fund Management Co Ltd

11,696

-22%

-385

-236

150

-19

-489

1,263

774

5%

9

ICBC Credit Suisse Asset Management Co Ltd

10,995

25%

94

-8

-692

541

-65

2,890

2,825

32%

10

Yinhua Fund Management Company Ltd

10,435

-20%

393

-19

147

-52

469

423

892

7%

11

Fullgoal Fund Management Company Ltd

9,285

-2%

169

-376

-120

na

-328

442

114

1%

12

Penghua Fund Management Company Limited

7,900

-8%

-7

43

470

45

550

571

1,121

13%

13

China International Fund Management Co Ltd

7,871

-12%

-10

-26

-210

na

-245

549

303

3%

14

China Universal Asset Management Co Ltd

7,696

-11%

8

-15

100

-32

61

357

418

5%

15

CCB Principal Asset Management Co Ltd

7,664

4%

344

125

280

-16

733

990

1,723

23%

207,825

-7%

1,757

-538

238

596

2,054

17,743

19,796

9%

22%

na

8%

>100%

31%

81%

69%


60%

Notes: • Funds in China report assets quarterly except for IPOs; monthly data estimated by Strategic Insight; see methodologies page regarding latest months.


Asia FlowWatch


Largest Fund Managers in Taiwan 12 Month Assets Growth and Cash Flows January - 2012

Fund Manager


1

Polaris International Securities Investment Trust

6,412

2

Capital Investment Trust Corporation

3


Total Funds

% of AUM 12Mth

141

2,782

62%

-1

-68

-69

-2%

na

-78

-226

-305

-7%

-57

na

-508

-588

-1,096

-22%

-6

-38

-21

-111

90

-21

-1%

77

0

-135

-11

-69

460

392

11%

-2%

-37

-7

10

-3

-37

82

45

1%

3,109

-9%

-127

-13

15

-30

-155

157

2

0%

Taishin Securities Investment Trust Co Ltd

3,005

46%

80

3

-3

12

92

946

1,038

51%

10

Allianz Global Investors Taiwan Ltd

2,712

-9%

-157

-3

217

-15

42

-17

25

1%

11

Mega International Investment Trust Co Ltd

2,679

14%

-1

-5

0

na

-6

428

422

18%

12

Prudential Financial Securities Investment Trust

2,313

-16%

83

-2

-187

na

-106

-25

-131

-5%

13

ING Securities Investment & Trust Co Ltd

2,244

-21%

-127

-4

-68

-8

-206

-201

-407

-14%

14

Fubon Asset Management Company Limited

2,222

-22%

179

-1

-187

-2

-10

-245

-255

-9%

15

HSBC Global Asset Management (Taiwan) Limited

2,136

-8%

28

-32

-40

0

-44

12

-31

-1%

47,878

-4%

2,803

-759

-465

-135

1,443

946

2,389

5%

83%

na

na

na

78%

>100%

>100%

Equity

Mixed

44%

2,615

-1

85

-58

2,641

3,767

-10%

275

-96

-180

na

J.P. Morgan Asset Management (Taiwan) Limited

3,699

-16%

-29

-153

103

4

Fuh Hwa Securities Investment Trust CO.,LTD

3,570

-28%

-12

-439

5

Eastspring Securities Investment Trust Co Ltd

3,462

-6%

-46

6

Yuanta Securities Investment Trust Co.,Ltd.

3,378

-1%

7

First Securities Investment Trust Company Limited

3,170

8

Cathay Securities Investment Trust Company Limited

9


75%


Asia FlowWatch


Largest Retail Local Fund Managers in Hong Kong 12 Month Assets Growth and Cash Flows January - 2012 Including Locally Domiciled Funds and Selected Offshore Funds*

Fund Manager


1

JPMorgan Funds (Asia) Limited

9,826

2

FIL Investment Management (Hong Kong) Limited

3


Total Funds

% of AUM 12Mth

0

-456

-4%

406

177

583

7%

-32

1,149

50

1,199

46%

na

0

343

0

343

13%

-11

-51

0

148

0

147

6%

172

86

na

na

258

0

258

12%

290%

272

1,298

na

na

1,570

34

1,604

310%

1,847

8%

96

na

123

na

220

1

221

13%

BOCI-Prudential Asset Management Limited

1,770

-6%

-32

-10

151

-1

108

9

117

6%

10

JF India Management Limited

1,578

-11%

-49

na

na

na

-49

0

-49

-3%

11

Hang Seng Investment Management Limited

1,462

-3%

35

-4

68

-3

96

2

98

7%

12

PineBridge Investments Hong Kong Limited

1,277

6%

105

na

60

na

166

41

207

17%

13

BEA Union Investment Management Limited

751

7%

90

-3

37

0

124

0

124

18%

14

HSBC Global Asset Management (Hong Kong) Limited

362

-17%

0

na

na

na

0

0

0

0%

15

Hai Tong Asset Management (HK) Limited

357

25%

0

na

78

na

77

0

77

27%

41,132

4%

926

1,316

1,957

-39

4,159

314

4,474

5%

21%

71%

77%

na

47%

41%

46%

Equity

Mixed

-11%

-490

13

23

-3

-456

8,842

1%

364

0

42

na

HSBC Investment Funds (Hong Kong) Limited

3,681

40%

-191

-52

1,425

4

Value Partners Limited

2,708

1%

343

na

5

Invesco Hong Kong Limited

2,352

1%

209

6

RCM Asia Pacific Limited

2,299

6%

7

Schroder Investment Management (Hong Kong) Limited

2,020

8

Principal Asset Management Company (Asia) Limited

9


38%

Notes: • Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market. • Excludes HK Pension Funds (MPF) and ETFs.


Asia FlowWatch


Largest Fund Managers in Singapore 12 Month Assets Growth and Cash Flows January - 2012 Including Locally Domiciled Funds and Selected Offshore Funds*

Fund Manager


1

Prudential Assurance Company Singapore (Pte) Ltd

4,457

2

CapitaMall Trust Management Ltd

3


Total Funds

% of AUM 12Mth

77

107

2%

0

0

0

0%

na

-89

40

-49

-1%

na

0

0

0

0

0%

na

na

0

0

0

0

0%

na

na

na

0

0

0

0

0%

18%

153

na

171

na

324

0

324

13%

2,756

71%

na

na

na

0

0

0

0

0%

Schroder Investment Management (Singapore) Ltd

2,635

-6%

-13

106

6

-7

93

-49

44

2%

10

Great Eastern Life Assurance Co Ltd

2,437

-2%

-16

-10

25

5

4

26

30

1%

11

First State Investments (Singapore)

2,210

-3%

111

na

na

-1

110

0

110

5%

12

UOB Asset Management Ltd

2,190

-4%

-119

4

191

-16

61

0

61

3%

13

Aberdeen Asset Management Asia Limited

1,998

0%

-32

na

8

na

-24

0

-24

-1%

14

ARA Asset Management (Fortune) Ltd

1,792

30%

na

na

na

0

0

0

0

0%

15

Mapletree Logistics Trust Management Ltd

1,707

7%

na

na

na

0

0

0

0

0%

43,874

8%

84

-129

562

-10

508

94

602

1%

na

na

50%

na

na

37%

na

Equity

Mixed

-2%

68

-163

115

9

30

4,205

11%

na

na

na

0

American International Assurance Co Ltd (AIA)

4,074

-6%

-69

-66

45

4

ARA Trust Management (Suntec) Limited

3,697

16%

na

na

5

CapitaCommercial Trust Management Ltd

3,687

14%

na

6

Ascendas Funds Management (S) Limited

3,018

28%

7

State Street Global Advisors Singapore Limited

3,010

8

K-REIT Asia Management Limited

9


59%

Notes: • Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market. • REITs flows not available


Asia FlowWatch


Largest Fund Managers in Thailand 12 Month Assets Growth and Cash Flows January - 2012

Fund Manager


Equity

Mixed


Total Funds

% of AUM 12Mth

1

Kasikorn Asset Management Co., Ltd.

16,770

10%

252

-207

-506

2,613

2,152

-1,238

914

6%

2

SCB Asset Management Co., Ltd.

15,059

2%

45

39

-1,870

186

-1,600

1,553

-47

0%

3

Ministry of Finance, Thailand

5,396

5%

na

0

na

na

0

0

0

0%

4

TMB Asset Management Co., Ltd.

4,215

-1%

-45

na

16

61

31

-281

-250

-6%

5

BBL Asset Management Co., Ltd.

4,079

-12%

43

0

-979

61

-875

51

-824

-18%

6

Krung Thai Asset Management Public Co., Ltd.

2,780

12%

64

-25

-432

111

-282

509

226

9%

7

Thanachart Fund Management Co., Ltd.

2,505

-1%

-59

-67

-248

118

-257

152

-105

-4%

8

Krungsri Asset Management Co., Ltd.

2,089

28%

172

-5

-94

16

90

271

360

22%

9

UOB Asset Management (Thai) Co., Ltd.

1,683

29%

-12

-12

440

-188

228

114

342

26%

10

MFC Asset Management Public Co., Ltd.

1,159

3%

29

-26

-35

109

79

-55

24

2%

11

ING Funds (Thailand) Co., Ltd.

980

18%

115

4

-78

-12

28

105

133

16%

12

One Asset Management Ltd.

741

15%

-14

29

-22

35

29

32

60

9%

13

Aberdeen Asset Management Co., Ltd.

622

14%

14

0

5

na

19

8

28

5%

14

Asset Plus Fund Management Co., Ltd.

536

-16%

-21

-21

-26

-10

-79

-32

-111

-17%

15

TISCO Asset Management Co., Ltd.

481

-10%

20

3

-62

-30

-69

3

-65

-12%

59,095

5%

602

-288

-3,890

3,070

-506

1,193

687

1%

>100%

na

na

100%

na

>100%

>100%


97%

• Closed-end funds flows are not available except for IPOs and liquidation.


Asia FlowWatch


Largest Fund Managers in Malaysia 12 Month Assets Growth and Cash Flows January - 2012

Fund Manager


Equity

Mixed


Total Funds

% of AUM 12Mth

1


14,992

12%

1,452

-15

836

-62

2,212

161

2,372

18%

2

CIMB-Principal Asset Management Berhad

4,700

14%

196

34

254

-57

427

108

534

13%

3


4,394

5%

125

-34

237

-4

324

-204

120

3%

4

Prudential Assurance Malaysia Berhad

2,728

18%

113

-6

169

3

278

0

278

12%

5

Hwang Investment Management Berhad

2,170

42%

33

173

35

-16

224

467

691

45%

6

OSK-UOB Investment Management Berhad

1,382

2%

131

17

1

-17

133

32

165

12%

7

Amanah Mutual Berhad

1,230

10%

41

-6

3

-4

35

73

109

10%

8

RHB Investment Management Sdn Bhd

1,197

127%

0

-4

362

8

366

329

695

132%

9

Sunway REIT Management Sdn. Bhd

1,141

31%

na

na

na

0

0

0

0

0%

10

Hong Leong Asset Management Bhd

917

-9%

-30

-12

16

45

18

-72

-54

-5%

11

CapitaMalls Malaysia REIT Management Sdn. Bhd.

863

89%

na

na

na

0

0

0

0

0%

12

Eastspring Investments Berhad

760

-8%

-27

-23

43

0

-7

-33

-39

-5%

13

MAAKL Mutual Berhad

622

5%

5

29

19

-1

52

-15

38

6%

14

Pacific Mutual Fund Bhd

584

-9%

-2

-22

2

na

-22

-2

-24

-4%

15

American International Assurance Company Limited

536

4%

14

8

17

0

39

0

39

8%

38,217

14%

2,051

139

1,995

-105

4,079

845

4,924

15%

>100%

63%

96%

na

96%

75%

92%


84%

• Closed-end funds flows are not available except for IPOs and liquidation.


Asia FlowWatch


Largest Fund Managers in Indonesia 12 Month Assets Growth and Cash Flows January - 2012

Fund Manager


1

PT Schroder Investment Management Indonesia

5,010

2


3


Total Funds

% of AUM 12Mth

-14

426

11%

202

123

326

16%

-6

-92

0

-92

-5%

62

-22

30

3

33

3%

-11

50

0

-15

-4

-20

-2%

48

-7

17

127

185

-9

177

28%

60%

229

-2

-23

0

204

0

204

41%

738

23%

3

33

-2

182

216

46

262

44%

PT Sinarmas Sekuritas

568

24%

5

-1

67

-8

64

3

67

15%

10

PT First State Investments Indonesia

302

43%

21

-7

9

na

23

31

54

25%

11

PT BNI Asset Management

285

27%

1

0

1

67

69

0

69

31%

12

PT Mega Capital Indonesia

270

-30%

-9

40

-173

-10

-151

-6

-157

-41%

13

PT Trimegah Securities

269

1%

-14

-1

-17

-13

-46

23

-23

-9%

14

PT NISP Sekuritas

245

-19%

-5

-1

-20

-74

-99

13

-86

-28%

15

PT Lautandhana Investment Management

176

10%

1

-1

7

1

8

0

8

5%

16,510

19%

9%

Equity

Mixed

26%

450

20

53

-82

440

2,238

13%

154

55

9

-16

PT BNP Paribas Investment Partners

2,204

12%

-168

-85

167

4


1,352

14%

-16

6

5

PT Manulife Aset Manajemen Indonesia

1,209

18%

-54

6


838

33%

7

PT Panin Sekuritas

806

8


9


90%

646

38

207

147

1,039

209

1,248

88%

38%

70%

54%

74%

91%

76%


Asia FlowWatch


Japan Mutual Fund Flows by SI Global Classification

Highest Cash Net Inflow Categories January-2012 Net Flows in US$ Million

SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Real Estate

-127

-568

24,049

45%

Bond Asia Pacific

2,098

4,869

18,854

28%

Bond High Yield

-677

-1,744

10,650

17%


619

2,577

7,489

11%

Equity Asia Pacific

-340

211

7,192

6%


-387

-860

3,155

29%

74

-473

2,742

50%

Hedge

-225

-510

1,945

>100%


-143

-201

927

57%

Unclassified

303

518

513

17%

Total Above

1,196

3,819

77,516

Total Industry

-2,273

-6,552

36,481

Bond Convertibles

5%

Highest Cash Net Outflow Categories January-2012 Net Flows in US$ Million

SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

-2,008

-5,569

-21,425

-18%

Mixed Conservative

-467

-1,290

-5,125

-21%

Equity Global

-383

-154

-4,486

-12%

Mixed Balanced

-711

-2,248

-2,893

-8%

Mixed Aggressive

-226

-628

-2,607

-18%


171

271

-1,943

-11%

Bond USD

-56

-235

-1,148

-17%

Bond Europe

-112

-353

-962

-29%


225

-102

-418

-3%

Money Market

-70

-97

-354

-7%

Total Above

-3,639

-10,403

-41,363

Total Industry

-2,273

-6,552

36,481

Bond Global


5%

Asia FlowWatch


Korea Mutual Fund Flows by SI Global Classification Excludes Private Placement Funds and Offshore International Funds


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Asia Pacific

-673

329

7,282

11%

Bond Global

-74

-184

722

39%


-4

-9

55

34%

Bond High Yield

-1

-2

17

>100%

Total Above

-752

135

8,075

Total Industry

4,398

-6,306

-4,427

-3%


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

5,123

-5,713

-7,169

-12%


-67

-168

-2,435

-24%

Mixed Flexible

-21

-116

-744

-29%


-14

-55

-557

-73%

Mixed Conservative

53

-618

-460

-5%

Bond Asia Pacific

81

298

-397

-5%

Equity Europe

-3

-11

-161

-19%

Real Estate Equity

-6

-13

-150

-25%


-3

-18

-126

-9%

Mixed Aggressive

-5

-11

-103

-13%

Total Above

5,138

-6,425

-12,301

Total Industry

4,398

-6,306

-4,427

Money Market


-3%

Asia FlowWatch


India Mutual Fund Flows by SI Global Classification

Highest Cash Net Inflow Categories Q4-11 Flows updated quarterly due to change of reporting methodology* 12 Month Flows as %

SI Fund Category

3 Months

12 Months

of Beginning Assets

Money Market

-3,742

9,129

26%

Equity Asia Pacific

1,716

5,033

12%

Commodities

488

1,106

>100%

Mixed Aggressive

76

291

11%

Mixed Flexible

30

210

29%


30

97

3%

Equity Global

-25

31

20%


-1

9

na

Total Above

-1,428

15,907

Total Industry

-2,324

6,621

5%

Highest Cash Net Outflow Categories Q4-11 Flows updated quarterly due to change of reporting methodology* 12 Month Flows as %

SI Fund Category

3 Months

12 Months

of Beginning Assets

Bond Asia Pacific

-416

-7,183

-15%

Mixed Conservative

-465

-1,937

-22%

Mixed Balanced

25

-86

-5%

Unclassified

-39

-67

-56%

Real Estate Equity

-1

-8

-50%

Absolute Return

-1

-4

-58%


0

-1

-2%

-896

-9,286

-2,324

6,621

Total Above Total Industry

* Funds in India report average assets quarterly except for IPOs; see methodologies page regarding latest months.


5%

Asia FlowWatch


China Mutual Fund Flows by SI Global Classification

Highest Cash Net Inflow Categories Q4-11 Flows Updated Quarterly* Net Flows in US$ Million

SI Fund Category

12 Month Flows as %

3 Months

12 Months

of Beginning Assets

Money Market

26,200

21,609

93%

Equity Asia Pacific

2,872

7,061

3%

427

4,411

127%

1,123

2,521

12%

Commodities

-33

631

>100%


-72

401

na

Bond Convertibles

136

392

33%

Real Estate Equity

45

45

na


-5

30

87%

Total Above

30,693

37,101

Total Industry

30,182

30,871

Guaranteed/Protected Bond Asia Pacific

8%

Highest Cash Net Outflow Categories Q4-11 Flows Updated Quarterly* Net Flows in US$ Million

SI Fund Category

12 Month Flows as %

3 Months

12 Months

of Beginning Assets

Mixed Flexible

-183

-4,073

-6%

Equity Global

-55

-660

-12%

Mixed Aggressive

-295

-639

-2%

Mixed Balanced

30

-526

-4%

Target Maturity

-36

-132

-7%

Mixed Conservative

40

-113

-9%

Bond Global

-4

-46

-65%

Total Above

-503

-6,189

30,182

30,871

Total Industry Note:

* Funds in China report assets quarterly; see methodologies page regarding latest months.


8%

Asia FlowWatch


Taiwan Mutual Fund Flows by SI Global Classification


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Asia Pacific

-238

-155

3,364

19%

Bond Asia Pacific

-24

144

726

>100%

Money Market

817

1,943

487

2%


-4

-186

327

12%


-11

-184

193

26%

Total Above

539

1,562

5,096

Total Industry

616

1,020

2,338

4%

Highest Cash Net Outflow Categories January-2012 12 Month Flows as %

Net Flows in US$ Million

SI Fund Category

1 Month

3 Months

12 Months

of Beginning Assets

116

-128

-1,261

-28%

Mixed Flexible

-2

-138

-618

-31%


-14

-34

-267

-7%

Mixed Balanced

-11

-64

-108

-11%

Mixed Conservative

-2

-14

-83

-32%

Bond High Yield

18

-82

-74

-6%

Bond Other

-7

-11

-72

-38%

Real Estate Equity

3

-10

-57

-12%

Commodities

-2

-1

-44

-69%

Hedge

-1

-9

-40

-36%

Total Above

96

-491

-2,625

Total Industry

616

1,020

2,338

Bond Global


4%

Asia FlowWatch


Hong Kong Mutual Fund Flows by SI Global Classification Including Locally Domiciled Funds and Selected Offshore Funds*


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Asia Pacific

74

775

3,913

6%

Bond Asia Pacific

114

370

2,498

>100%

Mixed Flexible

25

76

1,085

>100%

Money Market

-25

292

759

10%

Equity Global

19

126

654

7%

Mixed Conservative

3

49

362

16%

Mixed Aggressive

5

97

197

3%


19

64

194

4%

Mixed Balanced

13

72

160

5%

Commodities

0

19

75

>100%

Total Above

246

1,939

9,897

Total Industry

365

1,987

9,747

9%


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Europe

20

-69

-125

-6%


43

14

-99

-9%

Bond High Yield

-1

-3

-24

-25%

Real Estate Equity

-1

-2

-17

-23%


31

46

-9

-4%

Bond USD

0

0

-5

-27%


24

2

-3

0%

Bond Other

0

0

-1

-14%

Total Above

115

-13

-282

Total Industry

365

1,987

9,747

9%

* Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market.


Asia FlowWatch


Singapore Mutual Fund Flows by SI Global Classification Including Locally Domiciled Funds and Selected Offshore Funds*


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Bond Asia Pacific

143

173

1,087

18%

Money Market

-15

-83

257

16%


25

45

113

>100%

Mixed Conservative

3

10

31

28%

Absolute Return

-2

-8

25

24%

Bond High Yield

3

1

11

46%

Total Above

156

140

1,524

Total Industry

144

-45

-211

0%


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Asia Pacific

3

-107

-588

-4%


-5

-10

-241

-37%

Equity Global

-1

-19

-199

-8%


-5

-18

-199

-7%

Mixed Aggressive

-9

-43

-194

-5%

Mixed Balanced

3

28

-91

-2%

Bond Global

2

11

-87

-4%

Real Estate Equity

-6

-10

-63

-13%

Equity Europe

-1

-4

-27

-16%

Target Maturity

-1

-2

-14

-5%

Total Above

-20

-174

-1,703

Total Industry

144

-45

-211

0%

* Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market.


Asia FlowWatch


Thailand Mutual Fund Flows by SI Global Classification


12 Month Flows as %

SI Fund Category

1 Month

3 Months

12 Months

of Beginning Assets


-772

-560

1,816

>100%

Money Market

691

1,337

1,137

6%

Commodities

-72

185

820

>100%

Bond Global

-34

378

574

74%

Equity Asia Pacific

-364

74

570

8%

Real Estate

0

0

313

11%

Unclassified

0

0

110

na


-1

-2

24

6%


-5

-7

24

83%


1

-2

23

13%

Total Above

-556

1,404

5,410

Total Industry

-810

1,426

392

1%


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

-214

120

-4,604

-25%

Target Maturity

-1

-1

-218

-66%

Bond USD

-6

-12

-108

-52%

Mixed Flexible

-33

-75

-31

0%

Mixed Aggressive

-3

-27

-29

-20%


-2

-4

-21

-11%

Bond Europe

0

-1

-8

-8%

Mixed Balanced

-1

7

-8

-3%

Bond Convertibles

0

0

-4

-103%

Equity Europe

0

0

-3

-15%

Total Above

-261

7

-5,034

Total Industry

-810

1,426

392

Bond Asia Pacific


1%

Asia FlowWatch


Malaysia Mutual Fund Flows by SI Global Classification


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Bond Asia Pacific

379

569

2,069

38%

Equity Asia Pacific

57

456

1,953

12%

Money Market

-29

-447

1,133

14%


9

52

235

50%

Mixed Balanced

-1

24

143

9%

Unclassified

1

2

115

>100%

Mixed Conservative

2

7

67

14%

Target Maturity

21

-22

58

13%

Bond Global

0

-2

18

>100%

Mixed Aggressive

1

7

9

2%

Total Above

440

647

5,800

Total Industry

448

637

5,371

13%


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Global

-6

-15

-135

-26%


21

18

-119

-6%

Mixed Flexible

-3

3

-56

-8%

Real Estate Equity

-6

-11

-49

-17%

Hedge

0

-1

-41

-88%


-4

-8

-26

-11%

Bond Other

0

-1

-8

-38%

Equity Europe

0

-1

-7

-28%

Commodities

0

0

-5

-17%

Total Above

0

-17

-447

448

637

5,371

Total Industry


13%

Asia FlowWatch


Indonesia Mutual Fund Flows by SI Global Classification


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Equity Asia Pacific

-551

-483

735

14%

Bond Asia Pacific

249

477

474

20%


30

176

274

6%

Money Market

40

248

230

26%

Mixed Conservative

-1

6

69

49%

Mixed Flexible

-35

64

43

6%

Mixed Aggressive

-25

-19

24

10%

Total Above

-292

469

1,848

Total Industry

-315

403

1,634

11%


SI Fund Category

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Bond USD

-14

-39

-180

-48%

Mixed Balanced

-8

-28

-35

-5%

Total Above

-23

-66

-215

Total Industry

-315

403

1,634


11%

Asia FlowWatch


Japan Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Excludes "Money Management" and "Money Reserve" Funds

Top 10 Categories

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths

Real Estate

2,530

3,184

2,580

3,259

4,605

5,138

3,229

2,184

795

-357

-378

-63

-127

24,049

Bond Asia Pacific

1,932

1,161

1,597

-402

1,827

1,880

2,221

2,250

1,998

1,452

1,128

1,643

2,098

18,854

Bond High Yield

3,268

2,002

2,002

1,161

2,586

2,615

2,568

670

-822

-388

-433

-634

-677

10,650


722

4

154

-1,813

790

1,457

1,695

1,387

371

865

1,133

825

619

7,489

Equity Asia Pacific

-576

1,221

4

-2,053

1,502

140

-809

4,735

1,499

741

-347

898

-340

7,192


694

789

1,170

838

515

598

111

247

-83

-169

-240

-233

-387

3,155

1,099

463

672

709

1,660

422

-6

-120

-296

-289

-448

-100

74

2,742

Hedge

76

-3

-18

1,154

1,063

156

55

47

35

-33

-128

-157

-225

1,945


14

203

420

408

47

215

52

-26

-88

-103

86

-145

-143

927

Total Above

9,759

9,023

8,582

3,262

14,596

12,622

9,116

11,374

3,409

1,718

374

2,034

893

77,003

Total Equity

-1,606

626

488

-1,844

1,219

209

-1,345

4,681

1,335

97

-299

603

-1,108

4,661

Total Mixed Assets

-607

-567

-431

-483

-507

-518

-740

-861

-1,150

-1,105

-1,503

-1,262

-1,411

-10,536

Total Bond

4,984

1,462

2,517

-2,512

5,017

4,379

5,040

2,545

-1,023

-79

-820

-36

-41

16,448

Total Other

3,360

2,886

2,397

4,275

5,419

5,437

3,230

2,715

978

-495

-979

44

357

26,263

Total Long-Term Funds

6,131

4,406

4,971

-564

11,148

9,507

6,185

9,080

139

-1,582

-3,602

-650

-2,203

36,836

-63

-38

-82

-33

-47

-28

83

-17

-48

-46

-35

8

-70

6,068

4,368

4,889

-597

11,101

9,479

6,267

9,062

92

-1,628

-3,637

-643

-2,273

Bond Convertibles

Total Money Market Total Industry


-354 36,481

Asia FlowWatch


Korea Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) 1/11

2/11

Excludes Private Placement Funds and Offshore International Funds 3/11 4/11 5/11 6/11 7/11 8/11 9/11

-2,130

1,381

1,302

-3,122

1,700

1,266

460

2,249

Bond Global

-35

-131

51

289

648

326

162


27

57

34

12

-5

-24

-3

Bond High Yield

-1

2

3

2

5

-1

10

Top 10 Categories Equity Asia Pacific

10/11

11/11

12/11

1/12

12-Mths

1,556

162

417

585

-673

7,282

-260

-65

-115

-66

-44

-74

722

-4

-2

-1

-3

-2

-4

55

-2

0

-1

0

0

-1

17

Commodities

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Equity Global

-194

-10

1

-6

11

-6

-14

-11

-9

-7

3

-1

23

-26

Real Estate

-28

-11

-8

-7

-6

-6

-8

-6

-4

-3

-4

-17

-4

-84

Mixed Balanced

-18

-3

-6

-37

0

-5

-6

2

-1

-22

0

-7

-8

-92

Mixed Aggressive

-103

74

-5

-5

-21

-18

-8

-22

-7

-4

-2

-2

-4

-5

Equity Sector/ Other Total Above

97 -2,208

54 1,335

47 1,418

-6 -2,896

-58 2,278

-48 1,496

-29 550

-40 1,922

-12 1,459

-17 -7

-8 337

-7 501

-3 -748

-126 7,646

Total Equity

-2,852

1,201

1,112

-3,836

1,361

950

130

1,988

1,450

85

355

521

-727

4,590

Total Mixed Assets

197

2

-104

28

-60

110

-159

-138

-59

-258

-176

-603

19

-1,399

Total Bond

-225

-352

-83

248

621

282

6

-585

-137

-272

5

60

-8

-215

Total Other

-54

-27

-23

-47

-23

-21

-26

-15

-8

-8

-7

-21

-11

-234

-2,934

824

902

-3,608

1,899

1,321

-48

1,251

1,246

-453

177

-43

-726

2,742

-336

-7,027

-211

369

-1,300

-3,199

-2,990

3,907

-1,035

10,031

-409

-10,428

5,123

-7,169

-3,270

-6,203

691

-3,239

599

-1,877

-3,038

5,158

211

9,578

-232

-10,471

4,398

-4,427

Total Long-Term Funds Total Money Market Total Industry


Asia FlowWatch


India Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) India flows updated quarterly due to change of reporting methodology* 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11

Top 10 Categories

1/11

2/11

Equity Asia Pacific

-293

551

162

18

Money Market

6,566

2,757

-7,345

Commodities

39

18

80

Mixed Aggressive

30

26

-59


-28

5

141

Mixed Flexible

26

26

19

11/11

12/11

1/12

12-Mths

358

-109

2,551

65

116

1,377

193

-50

14

5,246

14,016

-68

2,358

1,883

-1,913

-5,382

2,201

98

-6,771

80

1,915

56

110

58

278

9

-30

428

46

32

16

1,102

4

36

-15

186

6

1

79

8

-11

0

263

8

-16

-49

79

-18

-76

54

5

28

51

211

60

-197

64

160

8

14

25

2

2

0

184

-615

-125

-2,299

1,569

-1,517

63

2,998

179

-2,469

2,003

1,687

-2,964

924

49

Equity Global

-1

-4

-3

-3

66

-43

43

0

1

0

-1

-26

0

31


0

0

11

0

0

0

0

0

0

0

0

-1

0

9

0 5,722

0 3,254

-1 -9,295

-1 15,729

0 -1,228

0 2,326

1 8,179

0 -1,664

0 -7,826

0 6,168

0 2,040

0 -9,761

0 1,086

0 9,009

-323

553

310

23

408

-200

2,673

47

40

1,430

198

-49

65

5,498

7

-67

-209

-214

-414

-218

506

-98

-398

305

28

-703

-41

-1,522

Total Bond

-615

-125

-2,299

1,569

-1,517

63

2,998

179

-2,469

2,003

1,687

-2,964

924

49

Total Other

28

10

74

53

107

56

278

8

-34

428

46

24

17

1,068


-903

371

-2,125

1,431

-1,416

-300

6,455

136

-2,861

4,167

1,959

-3,691

965

5,092

Total Money Market

6,566

2,757

-7,345

14,016

-68

2,358

1,883

-1,913

-5,382

2,201

98

-6,771

80

1,915

Total Industry

5,663

3,128

-9,470

15,447

-1,484

2,058

8,338

-1,777

-8,243

6,368

2,058

-10,461

1,046

7,007

Bond Asia Pacific

Equity Emerging Markets Total Above

Total Equity Total Mixed Assets

Notes: * Funds in India report average assets quarterly; see methodologies page regarding latest months; January 2012 flows only reflect IPOs in this month; see New Fund Introductions page for new fund IPOs highlights


Asia FlowWatch


China Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) China flows updated quarterly except for IPOs/ liquidations* 3/11 4/11 5/11 6/11 7/11 8/11 9/11

Top 10 Categories

1/11

2/11

Money Market

-431

-114

-2,255

-1,328

-1,868

267

Equity Asia Pacific

-760

-736

-2,343

1,983

1,000


791

-36

537

870

1,103

Bond Asia Pacific

-157

411

677

110

Bond Convertibles

-69

-40

-88

229

Equity Sector/ Other Commodities

10/11

11/11

12/11

1/12

12-Mths

17,243

0

22,039

455

516

166

2,312

6,644

349

602

1,960

2,134

368

2,319

185

207

8,028

813

-176

143

25

-59

19

486

0

3,724

1,303

588

-1,125

-15

-395

-484

150

1,457

0

2,677

-10

739

-196

-148

-161

-42

125

53

0

461

0

0

0

0

0

216

59

3

195

-25

-18

-30

0

401

479

-3

-139

246

350

-133

-123

92

-105

-27

-19

12

0

151 45

Real Estate Equity

0

0

0

0

0

0

0

0

0

0

45

0

0


8

6

204

-61

-70

-45

-2

-2

-2

-2

-1

-2

0

Bond Global Total Above

-5 -144

-3 -515

-7 -3,413

-6 2,044

-6 1,803

-4 2,790

-4 -511

-3 2,545

-3 1,853

-1 2,041

-1 9,262

-2 19,403

0 207

-40 37,509

Total Equity

-815

-729

-2,317

1,813

805

500

671

1,918

2,215

320

2,285

128

207

7,815

-1,346

-889

-2,295

22

-213

-269

-135

166

-167

-318

172

-316

0

-4,241

Total Bond

-231

368

582

334

1,287

1,323

-1,326

-167

-559

-527

274

1,509

0

3,098

Total Other

791

-36

537

870

1,103

813

-176

143

25

-59

63

486

0

45

-1,602

-1,286

-3,492

3,039

2,982

2,366

-966

2,061

1,514

-584

2,793

1,806

207

6,717

-431

-114

-2,255

-1,328

-1,868

267

455

516

166

2,312

6,644

17,243

0

22,039

-2,033

-1,400

-5,747

1,712

1,115

2,633

-511

2,577

1,680

1,728

9,437

19,050

207

28,756

Total Mixed Assets

Total Long-Term Funds Total Money Market Total Industry Notes:

* Funds in China report assets quarterly; see methodologies page regarding latest months; January 2012 flows only reflect IPOs in this month; see New Fund Introductions page for new fund IPOs highlights


23

Asia FlowWatch


Taiwan Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Top 10 Categories Equity Asia Pacific

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths

51

6

318

-469

469

3,753

-176

-311

-289

218

190

-107

-238

3,364

-5

-5

178

118

-16

136

143

-53

97

-17

88

81

-24

726

-708

44

-1,122

1,808

-1,781

-1,403

1,126

-909

-215

997

1,318

-192

817

487


49

17

251

-87

34

-1

-44

231

183

-71

-119

-63

-4

327


193

Bond Asia Pacific Money Market

148

-62

174

115

95

-123

217

-40

29

-29

-82

-91

-11

Target Maturity

-1

0

0

-1

-1

0

0

0

0

0

0

0

0

-3

Bond USD

-6

-1

-7

-5

-5

-5

0

-3

-2

8

3

1

3

-10

Absolute Return

-3

-1

-2

-4

-1

-2

-2

-2

0

-1

-1

-2

-6

-24 -28

Equity Europe

-19

-7

-19

-7

8

5

-2

5

-3

-4

0

-2

0

-14 -507

0 -10

-6 -235

-9 1,461

3 -1,196

0 2,361

-3 1,258

-6 -1,089

-2 -202

0 1,101

-2 1,394

-5 -379

-2 534

-33 4,998

Total Equity

29

-128

561

-471

548

3,773

-376

-144

-88

101

45

-189

-272

3,360

Total Mixed Assets

-19

-21

-87

-26

21

-153

54

-215

-137

-55

-55

-154

-17

-846

Total Bond

259

-414

112

71

436

-279

586

-407

-175

-177

-13

-335

95

-498

Total Other

-15

-13

-26

-25

-15

-7

-8

-22

-19

-2

-14

-7

-7

-165


253

-576

560

-450

990

3,335

256

-788

-419

-134

-37

-685

-201

1,851

Total Money Market

-708

44

-1,122

1,808

-1,781

-1,403

1,126

-909

-215

997

1,318

-192

817

487

Total Industry

-454

-532

-562

1,357

-791

1,932

1,382

-1,697

-634

863

1,281

-877

616

2,338

Mixed Aggressive Total Above


Asia FlowWatch


Hong Kong Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Top 10 Categories

1/11

2/11

Including Locally Domiciled Funds and Selected Offshore Funds* 3/11 4/11 5/11 6/11 7/11 8/11 9/11

Equity Asia Pacific

1,019

385

170

248

861

Bond Asia Pacific

1,188

591

10/11

11/11

12/11

1/12

398

74

3,913

262

-11

-554

303

12-Mths

386

123

124

103

596

331

373

347

162

-31

202

53

114

2,498

Mixed Flexible

0

-1

-3

-4

-3

320

388

227

67

19

37

14

25

1,085

Money Market

-33

14

64

23

-12

-31

23

69

131

185

154

163

-25

759

Equity Global

-323

269

12

88

41

0

40

24

28

26

38

69

19

654

Mixed Conservative

-233

248

5

10

10

17

6

9

8

0

19

28

3

362

Mixed Aggressive

38

48

1

6

22

6

17

12

13

-25

20

72

5

197


-1

4

39

3

-8

-10

9

21

32

39

20

25

19

194

Mixed Balanced

11

18

-2

20

13

2

16

12

17

-8

15

44

13

160

Commodities Total Above

0 864

1 1,108

19 430

9 506

0 1,520

0 1,823

0 1,463

14 997

13 460

0 -349

13 821

6 872

0 246

75 9,897

Total Equity

845

687

85

272

861

1,190

617

303

-20

-557

272

412

210

4,332

Total Mixed Assets

-182

314

6

37

48

351

433

267

110

-15

95

169

50

1,865

Total Bond

319

123

132

110

600

304

384

266

252

-44

205

86

111

2,529

Total Other

10

5

39

4

-10

-10

0

17

32

39

19

24

18

176


992

1,129

262

424

1,499

1,835

1,434

852

373

-577

591

691

389

8,902

Total Money Market

-33

14

64

23

-12

-31

23

69

131

185

154

163

-25

759

Total Industry

959

1,142

326

446

1,487

1,804

1,457

921

505

-391

744

854

365

9,661

Notes: * Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market.


Asia FlowWatch


Singapore Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Top 10 Categories

Including Locally Domiciled Funds and Selected Offshore Funds* 3/11 4/11 5/11 6/11 7/11 8/11 9/11

1/11

2/11

Bond Asia Pacific

29

24

-1

50

108

Money Market

166

10/11

11/11

12/11

1/12

12-Mths

167

285

117

-2

8

22

143

1,087

-18

-111

43

67

-13

1

95

242

-3

19

-9

-60

-15

257


2

3

2

3

8

12

17

7

5

9

9

12

25

113

Mixed Conservative

-8

6

2

-3

-1

11

-1

1

5

1

3

4

3

31

Absolute Return

2

1

0

0

-1

30

5

0

-1

-2

-6

1

-2

25

Bond High Yield

3

3

2

2

3

-1

4

-3

-3

4

-2

0

3

11

Commodities

3

2

1

0

0

-1

0

-1

0

-1

-1

0

0

-2


-1

1

0

-1

0

0

-1

-1

0

0

0

0

0

-3


-8

38

-20

-43

59

16

9

-45

-35

21

-14

0

9

Mixed Flexible Total Above

-1 4

0 -33

-2 27

0 76

0 161

-1 233

-1 294

-3 482

2 87

-2 47

-1 -12

-1 -22

-1 164

-10 1,504

Total Equity

-50

-85

433

-16

-285

-177

-51

-472

-167

-48

-133

-25

4

-1,021

Total Mixed Assets

-40

-9

-47

-37

-21

21

-38

-106

-36

5

7

-13

-4

-278

Total Bond

-5

22

-1

21

128

178

189

206

149

1

5

55

172

1,124

Total Other

-5

-8

-12

11

-23

-105

-1

-19

-3

-104

-12

-4

-13

-292

-101

-80

374

-22

-201

-83

99

-391

-56

-146

-134

13

159

-468

Total Money Market

-18

-111

43

67

-13

1

95

242

-3

19

-9

-60

-15

257

Total Industry

-119

-191

416

45

-214

-82

194

-149

-58

-127

-142

-47

144

-211


Notes: * Excludes cross-border international funds sold in multiple world markets, but includes certain offshore funds sold primarily in this market.


-4

Asia FlowWatch


Thailand Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Top 10 Categories

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths


47

1

30

-11

7

-44

-54

509

874

1,064

549

-338

-772

1,816

Money Market

-644

792

26

781

203

955

-580

-1,155

-1,399

175

-162

808

691

1,137

Commodities

84

-83

-49

-46

105

162

-141

382

220

86

-27

284

-72

820

Bond Global

5

0

5

30

66

-72

2

77

91

-2

-4

416

-34

574

Equity Asia Pacific

23

67

-59

-120

90

192

-68

214

215

-34

45

394

-364

570

Real Estate

0

0

24

115

22

0

83

0

0

69

0

0

0

313

Unclassified

0

0

0

0

0

0

0

0

110

0

0

0

0

110


0

2

18

1

3

4

2

-5

2

-3

2

-3

-1

24


24

2

5

2

7

0

19

-1

2

-1

-2

-2

-1

-5

110 -372

-1 783

28 23

-2 754

0 498

-2 1,213

0 -757

1 25

2 115

0 1,352

-2 399

0 1,561

1 -556

23 5,410

Total Equity

-9

70

-36

-115

102

209

-74

208

206

-40

47

387

-372

590

Total Mixed Assets

-41

-212

11

-39

-10

-5

7

51

22

-21

-77

24

-33

-281

Total Bond

-174

-297

-866

-262

-161

-805

-768

-677

-341

-433

96

641

-253

-4,127

Total Other

132

-82

7

58

136

118

-112

891

1,205

1,220

525

-53

-842

3,072


-92

-521

-883

-357

66

-484

-946

473

1,092

726

591

999

-1,501

-745

Total Money Market

-644

792

26

781

203

955

-580

-1,155

-1,399

175

-162

808

691

1,137

Total Industry

-736

271

-857

424

270

472

-1,526

-682

-306

901

429

1,807

-810

392

Bond Emerging Markets Total Above


Asia FlowWatch


Malaysia Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Top 10 Categories

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths

64

110

44

73

241

95

71

514

327

26

112

78

379

2,069

Equity Asia Pacific

-35

41

114

289

309

423

211

-206

2

314

246

153

57

1,953

Money Market

-292

96

-122

313

1,132

-694

361

542

-478

430

104

-522

-29

1,133


20

48

22

14

36

39

11

3

-13

23

26

18

9

235

Mixed Balanced

-18

2

17

19

19

25

23

-11

1

23

9

15

-1

143

0

18

0

1

0

2

6

86

0

0

0

0

1

115

Bond Asia Pacific

Unclassified Mixed Conservative

6

6

-1

-6

12

10

18

8

9

4

-5

10

2

67

Target Maturity

2

0

7

0

0

15

0

0

43

15

38

-81

21

58 18

Bond Global

0

0

0

0

8

8

3

1

0

0

-1

0

0

-2 -255

-1 319

2 84

2 703

0 1,756

-2 -80

-1 703

-4 934

-2 -111

9 845

1 530

5 -323

1 440

9 5,800

Total Equity

-25

85

135

250

341

453

204

-229

-23

332

264

162

54

2,028

Total Mixed Assets

-25

-1

14

8

28

47

47

-37

44

54

39

-40

20

221

Total Bond

62

110

43

71

247

102

73

514

326

26

112

77

388

2,087

Total Other

-13

11

-4

-8

-8

-147

-12

75

-7

-6

-3

-4

15

-98


-1

203

188

320

609

455

312

323

340

405

412

195

477

4,238

Total Money Market

-292

96

-122

313

1,132

-694

361

542

-478

430

104

-522

-29

1,133

Total Industry

-293

299

66

633

1,740

-239

673

865

-138

835

516

-327

448

5,371

Mixed Aggressive Total Above


Asia FlowWatch


Indonesia Mutual Fund Industry - Flows by Asset Class/Investment Category Net Flows (US$ M) Top 10 Categories

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths

Equity Asia Pacific

373

192

92

19

231

46

-488

778

267

81

110

-43

-551

735

Bond Asia Pacific

-108

-23

-35

-1

-41

37

105

-87

10

34

102

126

249

474


22

74

65

29

75

-14

-46

-63

19

-42

132

15

30

274

Money Market

45

-42

-22

22

10

-42

87

-20

-4

-7

85

124

40

230

Mixed Conservative

7

4

3

7

11

-6

0

28

14

2

-1

8

-1

69

Mixed Flexible

31

14

9

-47

-6

-4

-84

64

9

23

9

90

-35

43

Mixed Aggressive

8

18

8

-21

1

11

-10

35

6

-4

0

5

-25

24

Unclassified

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Mixed Balanced

16

9

-1

5

8

3

-34

1

3

-3

-2

-18

-8

-35

Total Above

393

245

120

14

289

32

-471

736

324

83

435

307

-301

1,814

Total Equity

373

192

92

19

231

46

-488

778

267

81

110

-43

-551

735

Total Mixed Assets

62

44

20

-55

14

4

-128

128

33

18

6

86

-69

100

Total Bond

-117

-39

-47

-25

-56

23

89

-112

-4

26

84

119

235

294

Total Other

22

74

65

29

75

-14

-46

-63

19

-42

132

15

30

274

340

272

130

-32

264

60

-573

732

315

82

333

177

-355

Total Money Market

45

-42

-22

22

10

-42

87

-20

-4

-7

85

124

40

Total Industry

385

229

108

-10

274

18

-487

711

311

75

417

301

-315



1,404 230 1,633

Asia FlowWatch


Asia Mutual Fund Industry Investment Category Overview January-2012 (Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations)

Category 1 Month

Net New Flows US$B 3 Months 6 Months

12 Months

AUM US$B 1/12

12-Month AUM Growth

SI Fund Type (SI) "Equity" Equity Asia Pacific Equity Emerging Markets Equity Europe Equity Global Equity North America Equity Sector/ Other Total above "Equity"

-1.8 0.1 0.0 -0.4 -0.1 -0.3 -2.5

3.9 -0.1 -0.2 -0.1 -0.2 -0.8 2.5

21.5 0.2 -0.2 -1.4 -0.5 -0.9 18.7

37.6 -4.4 -0.5 -4.8 1.0 3.5 32.5

514.5 26.9 3.9 49.0 4.7 22.9 622.0

-7% -23% -24% -17% 24% 3% -8%

SI Fund Type (SI) "Bond" Bond Asia Pacific Bond Convertibles Bond Emerging Markets Bond Europe Bond Global Bond High Yield Bond Other Bond USD Total above "Bond"

3.8 0.1 0.6 -0.1 -2.0 -0.7 0.0 -0.1 1.7

8.4 -0.3 2.4 -0.4 -5.5 -1.8 0.0 -0.3 2.7

12.7 -1.4 4.9 -0.7 -11.3 -2.7 0.0 -0.7 1.0

23.6 3.2 7.3 -1.0 -21.4 10.6 0.2 -1.5 20.9

204.3 8.5 73.8 2.3 110.1 65.2 0.7 6.8 471.6

13% 28% 2% -34% -16% 1% 28% -16% 1%

SI Fund Type (SI) "Mixed" Mixed Aggressive Mixed Balanced Mixed Conservative Mixed Flexible Target Maturity Total above "Mixed"

-0.3 -0.7 -0.4 -0.1 0.0 -1.5

-0.8 -2.2 -2.5 -0.2 0.0 -5.8

-1.4 -3.8 -4.3 -0.4 0.0 -9.8

-2.8 -3.4 -7.2 -3.4 -0.2 -17.1

48.6 54.0 38.6 65.2 2.7 209.1

-14% -16% -18% -17% -13% -16%

SI Fund Type (SI) "Money Mkt" Money Market Total above "Money Mkt"

6.7 6.7

14.9 14.9

24.2 24.2

20.6 20.6

216.5 216.5

12% 12%

SI Fund Type (SI) "Real Estate" Real Estate Real Estate Equity Total above "Real Estate"

-0.1 0.0 -0.2

-0.6 0.0 -0.6

2.1 -0.1 2.0

24.3 -0.4 23.9

113.6 2.0 115.5

21% -24% 20%

SI Fund Type (SI) "Guaranteed" Guaranteed/Protected Total above "Guaranteed"

-0.5 -0.5

-0.5 -0.5

3.1 3.1

5.2 5.2

32.5 32.5

5% 5%

SI Fund Type (SI) "Other" Absolute Return Commodities Currency Strategy Hedge Unclassified Total above "Other"

0.0 0.1 0.0 -0.2 0.3 0.2

0.0 0.4 0.0 -0.5 0.5 0.4

0.0 1.5 0.0 -0.5 0.8 1.7

-0.1 2.5 0.0 1.9 0.7 5.0

0.6 6.6 0.0 3.1 3.6 13.9

-10% 83% -67% >100% 14% 54%

Total above

3.9

14.1

40.8

91.0

1,681.2

-3%

• Data excludes private placement funds in Korea.


Asia FlowWatch


Asia (ex Japan) Mutual Fund Industry Investment Category Overview January-2012 (Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations)

Category 1 Month

Net New Flows US$B 3 Months 6 Months

12 Months

AUM US$B 1/12

12-Month AUM Growth

SI Fund Type (SI) "Equity" Equity Asia Pacific Equity Emerging Markets Equity Europe Equity Global Equity North America Equity Sector/ Other Total above "Equity"

-1.5 -0.1 0.0 0.0 0.0 0.1 -1.4

3.7 -0.3 -0.1 0.0 0.0 0.0 3.3

14.3 -0.5 -0.1 -0.3 -0.1 0.0 13.4

30.4 -2.4 -0.4 -0.3 0.1 0.4 27.9

397.5 12.7 2.6 20.1 2.3 10.1 445.4

-7% -25% -24% -10% 5% -12% -8%

SI Fund Type (SI) "Bond" Bond Asia Pacific Bond Convertibles Bond Emerging Markets Bond Europe Bond Global Bond High Yield Bond Other Bond USD Total above "Bond"

1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.7

3.6 0.2 -0.2 0.0 0.1 -0.1 0.0 0.0 3.5

2.1 -0.2 -0.3 0.0 -0.7 -0.4 0.0 -0.1 0.4

4.7 0.5 -0.2 0.0 0.0 -0.1 -0.1 -0.3 4.5

115.0 1.5 1.6 0.1 13.2 1.3 0.1 1.0 133.8

2% 37% -13% -36% 2% -9% -43% -21% 1%

SI Fund Type (SI) "Mixed" Mixed Aggressive Mixed Balanced Mixed Conservative Mixed Flexible Target Maturity Total above "Mixed"

0.0 0.0 0.0 -0.1 0.0 -0.1

-0.2 0.0 -1.2 -0.2 0.0 -1.6

-0.2 0.0 -1.9 -0.3 0.0 -2.5

-0.2 -0.6 -2.1 -3.5 -0.2 -6.5

37.0 24.1 19.2 64.2 2.5 147.1

-12% -10% -14% -17% -15% -14%

SI Fund Type (SI) "Money Mkt" Money Market Total above "Money Mkt"

6.7 6.7

15.0 15.0

24.4 24.4

20.9 20.9

211.9 211.9

13% 13%

SI Fund Type (SI) "Real Estate" Real Estate Real Estate Equity Total above "Real Estate"

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.2 -0.3 -0.1

45.8 1.6 47.4

15% -22% 13%

SI Fund Type (SI) "Guaranteed" Guaranteed/Protected Total above "Guaranteed"

-0.7 -0.7

0.2 0.2

2.6 2.6

5.6 5.6

21.4 21.4

32% 32%

SI Fund Type (SI) "Other" Absolute Return Commodities Currency Strategy Hedge Unclassified Total above "Other"

0.0 -0.1 0.0 0.0 0.0 -0.1

0.0 0.3 0.0 0.0 0.0 0.3

0.0 1.4 0.0 -0.1 0.2 1.5

0.0 2.1 0.0 -0.1 0.2 2.2

0.2 4.7 0.0 0.2 0.3 5.4

-4% >100% na -38% 63% 90%

Total above

6.2

20.7

39.8

54.5

1012.3

-2%



Asia FlowWatch

Asia Mutual Fund Industry Monthly Net Flows and Assets (by Country, US$B) Net Flows Country

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths

Japan China Hong Kong India Malaysia Taiwan Indonesia Thailand Philippines Singapore Korea

6.1 -1.6 1.0 5.7 -0.3 -0.5 0.4 -0.7 0.1 -0.1 -3.3

4.4 -1.4 1.1 3.1 0.3 -0.5 0.2 0.3 0.0 6.6 -6.2

4.9 -5.9 0.3 -9.5 0.1 -0.6 0.1 -0.9 0.0 0.4 0.7

-0.6 2.0 0.5 15.4 0.6 1.4 0.0 0.4 -0.1 0.0 -3.2

11.1 1.5 1.5 -1.5 1.7 -0.8 0.3 0.3 0.0 -0.2 0.6

9.5 2.5 1.8 2.1 -0.2 1.9 0.0 0.5 0.0 -0.1 -1.9

6.3 -0.6 1.5 8.3 0.7 1.4 -0.5 -1.5 -0.1 0.2 -3.0

9.1 2.7 0.9 -1.8 0.9 -1.7 0.7 -0.7 0.0 -0.1 5.2

0.1 1.6 0.5 -8.2 -0.1 -0.6 0.3 -0.3 0.0 -0.1 0.2

-1.6 1.7 -0.4 6.4 0.8 0.9 0.1 0.9 0.0 -0.1 9.6

-3.6 9.4 0.8 2.1 0.5 1.3 0.4 0.4 0.1 -0.1 -0.2

-0.6 19.1 0.9 -10.5 -0.3 -0.9 0.3 1.8 0.1 0.0 -10.5

-2.3 0.2 0.4 1.0 0.4 0.6 -0.3 -0.8 0.1 0.1 4.4

36.5 32.6 9.7 7.0 5.4 2.3 1.6 0.4 0.0 -0.2 -4.4

Total Asia Total Asia ex Japan

6.7 0.7

7.9 3.5

-10.3 -15.1

16.4 17.0

14.4 3.3

16.1 6.6

12.5 6.3

15.1 6.1

-6.6 -6.7

18.1 19.8

10.9 14.6

-0.7 -0.1

3.9 6.2

91.0 54.5

Total Assets under Management Country

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

1/12

12-Mths % chg.

Japan China Korea India Hong Kong Singapore Taiwan Thailand Malaysia Indonesia Philippines

687.4 362.4 165.8 143.1 108.8 72.5 66.7 58.4 39.9 15.3 5.1

697.7 378.9 154.4 147.8 109.8 71.0 64.2 59.6 39.8 16.0 5.1

697.7 366.6 162.6 143.6 112.4 74.0 64.6 60.1 41.1 16.9 5.3

722.1 365.9 167.7 163.3 115.0 76.9 68.5 62.0 42.8 17.4 5.4

712.0 351.6 162.8 159.7 115.0 76.3 67.3 61.1 44.1 17.8 5.3

721.5 362.6 161.3 163.5 114.3 75.1 68.0 60.5 43.5 17.7 5.3

743.4 363.3 162.3 174.0 115.8 78.4 70.2 61.7 45.0 18.0 5.4

711.7 360.5 152.8 163.0 109.5 74.6 65.0 60.0 43.5 18.2 5.4

656.7 330.4 133.9 141.4 98.7 67.1 58.4 56.0 39.4 17.0 5.2

682.6 345.1 158.1 151.6 106.3 73.4 62.2 58.9 43.1 17.9 5.4

639.4 343.4 149.6 140.7 101.1 68.6 60.6 58.6 42.1 17.4 5.4

647.6 343.2 136.3 120.3 102.2 69.5 59.9 60.0 42.6 18.0 5.5

668.9 347.3 150.6 136.4 109.3 74.6 63.8 60.8 45.3 18.3 5.8

-3% -4% -9% -5% 0% 3% -4% 4% 14% 20% 13%

1,725.4 1,038.0

1,744.3 1,046.6

1,744.8 1,047.1

1,806.9 1,084.9

1,773.0 1,061.0

1,793.4 1,071.9

1,837.7 1,094.2

1,764.2 1,052.4

1,603.9 947.2

1,704.5 1,021.9

1,627.0 987.6

1,605.2 957.6

1,681.2 1,012.3

-3% -2%

Total Asia Total Asia ex Japan Notes:

• Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations; • China and India latest month assets estimated based on latest quarter actuals and adjusted for recent month(s) total return; • Data excludes private placement funds in Korea.


Asia FlowWatch


Asia Mutual Fund Flow Trends

* Funds in China and India report assets quarterly; monthly data estimated by Strategic Insight. US$ B

US$ B

Asia Mutual Fund Flows ( Total vs. Long-Term)

15

15

5

5

-5

-5

-15 1/11

-15 2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

Total

US$ B

10/11

11/11

12/11

Long-Term

US$ B

Asia Mutual Fund Flows

10

1/12

10

5

5

0

0

-5

-5

-10 1/11

-10 2/11

3/11

4/11

Equity

5/11

6/11

7/11

8/11

Mixed


9/11

10/11

11/11

Bond

12/11

1/12

Asia Mutual Fund Flows

Asia FlowWatch


by SI Global Classification

Highest Cash Net Inflow Categories January-2012 Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations Net Flows in US$ Million

SI Global Classification

12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Real Estate

-131

-594

24,278

26%

Money Market

6,660

14,768

20,238

11%

Bond AUD

855

2,700

13,642

35%

Equity Japan

58

1,093

12,289

14%

-658

-1,830

10,580

16%

Equity Asia Country

-1,222

181

9,471

13%

Bond Asia Pacific LC

1,760

3,344

9,162

30%

Equity Korea

-547

699

8,914

17%


757

2,674

7,124

14%

Equity China

112

2,528

5,464

2%

Total Above

7,644

25,565

121,162

Total Industry

3,904

14,142

90,982

Bond High Yield

5%

Highest Cash Net Outflow Categories January-2012 Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations 12 Month Flows as %

Net Flows in US$ Million


1 Month

3 Months

12 Months

of Beginning Assets

-1,999

-5,458

-21,437

-16%

-447

-2,531

-7,191

-15%

80

-85

-5,753

-39%

Equity Global

-363

-137

-4,774

-8%

Mixed Balanced

-736

-2,230

-3,449

-5%

Mixed Flexible

-78

-164

-3,386

-4%

Mixed Aggressive

-270

-842

-2,840

-5%

Equity Latin America

-135

-405

-2,420

-27%


254

334

-1,952

-8%

Bond USD

-73

-266

-1,482

-18%

Total Above

-3,766

-11,785

-54,683

Total Industry

3,904

14,142

90,982

Bond Global Mixed Conservative Bond KRW


5%

Asia FlowWatch


Asia (ex Japan) Mutual Fund Flows by SI Global Classification

Highest Cash Net Inflow Categories January-2012 Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations Net Flows in US$ Million


12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Money Market

6,747

14,961

20,827

11%

Equity Asia Country

-1,214

224

9,738

14%

Equity Korea

-544

468

8,800

17%

Equity China

270

3,010

8,006

3%

Bond Asia Pacific LC

756

2,192

6,753

24%

Equity India

7

84

4,384

10%

Bond CNY

-41

1,848

3,730

17%

Guaranteed

18

564

3,686

40%

Commodities

-59

289

2,098

98%

Protected

-726

-372

1,962

28%

Total Above

5,215

23,267

69,984

Total Industry

6,177

20,694

54,501

5%

Highest Cash Net Outflow Categories January-2012 Flows exclude January 2012 China and India domiciled funds except for IPOs/ liquidations Net Flows in US$ Million


12 Month Flows as %

1 Month

3 Months

12 Months

of Beginning Assets

Bond KRW

79

-109

-5,777

-40%

Mixed Flexible

-70

-150

-3,460

-4%


-32

-263

-2,259

-15%

Mixed Conservative

21

-1,241

-2,066

-9%

Mixed Balanced

-24

18

-556

-2%

Equity Asia Pacific

-10

-51

-390

-9%

Bond USD

-17

-31

-334

-26%

Equity Global

20

16

-287

-1%

Real Estate Equity

-15

4

-282

-14%

Total Above

-48

-1,808

-15,411

6,177

20,694

54,501

Total Industry


5%