Thursday November 7, 6:57 PM
BIGGEST REGIONAL FUND MANAGERS BOUGHT HEAVILY INTO ASIAN MARKETS IN OCTOBER
By Vasu Menon, Chief Editorial finatiQ
The value of Asian stocks held by the region's 20 biggest fund managers rose by a hefty 10.1 per cent to US$198.2 billion at the end of October from US$180.1 billion in August, according to data just released by Lipper Asia.
The region's five largest fund managers at the end of October were Nomura Holdings (US$23.3 billion), Fidelity Investment (US$22.7 billion), Capital Research (US$20 billion), Franklin Advisers (US$16.5 billion), Nomura Asset Management (US$12.9 billion) and JP Morgan Fleming (US$12.5 billion) in that order.
In terms of country holdings, Japan took the top spot, followed by Hong Kong, South Korea, Australia and Taiwan.
Japan and South Korea stood out from the pack. Funds invested in the Japan posted the biggest increase of 6.2 per cent to US$134.2 billion at the end of October, up from US$126.3 billion at the end of September. South Korea also did very well with funds invested in the country up by 5.3 per cent to US$30.6 billion. The other major Asian market also posted modest gains.
Country holdings of the top 20 fund managers in Asia
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