WHAT ASIA'S TOP FUND MANAGERS DID IN JUNE

The value of stocks held by Asia's 20 biggest fund managers increased to US$164.16 billion ($289.5 billion) at the end of June, up from US$159.8 billion at the end of May, according to data from Lipper Asia.

The region's five largest fund managers were Fidelity Investments (US$22 billion), Capital Research (US$19.3 billion), Franklin Advisers (US$16 billion), Nomura Asset Management (US$12.1 billion) and JP Morgan Fleming (US$10.7 billion) in that order.

In terms of country holdings, Japan took the top spot, followed by Hong Kong, Australia, South Korea and Singapore.

Funds invested in Singapore posted the biggest increase of 4.3 per cent to US$17.3 billion at the end of June, up from US$16.6 billion at the end of May.

Then came South Korea, up 3.8 per cent to US$21.3 billion followed by Australia and Japan which posted smaller gains of 1.7 per cent and 0.3 per cent respectively. Hong Kong saw a modest decline of 0.5 per cent.

Amongst industry sectors, electronics components posted the largest increase in fund holdings, rising 5.4 per cent to US$38.8 billion at the end of June from US$36.8 billion at the end of May.

Funds invested in the banking sector rose 0.7 per cent to US$41.6 billion at the end of June while investments in the telecom sector fell by 5 per cent.

Country holdings of the top 20 fund managers in Asia

Country	June 30	May 31	% Chg
Japan	127.8	127.5	+0.3
Hong Kong	46.6	46.8	-0.5
Australia	23.6	23.2	+1.7
South Korea	21.3	20.5	+3.8
Singapore	17.3	16.6	+4.3