subject: Sphinx Asia Releases New Asean Mutual Fund Industry Survey 2012 [print this page] Released on: June 10, 2012 Released on: June 10, 2012
Author: Research Department
The Research Department of Sphinx Asia Wealth Management, Ltd. have released their new ASEAN Mutual Fund Industry Survey for 2012
Mr. Teddy Marshall, head of Business Development at Sphinx Asia, said, "We are delighted to once again provide this ground breaking survey of the ASEAN Mutual Fund Industry. It is an invaluable and comprehensive source of current opinion and information on the mutual fund industry in our region and demonstrates the signicant development potential of the industry here for all market participants. We at Sphinx Asia Research are strongly supporting this development and, in particular, the growth of ASEAN as a regional hub for asset management, offering wealth management organizations some of the most business friendly tax environments, legal systems based on English common law, efficient administration and robust regulatory regimes."
Teddy Marshall further stated "this is the second edition of the Sphinx Fund Survey produced with the support of a range of participants from Jakarta, Singapore, Kuala Lumpur, Bangkok, Manila, Sydney and Hong Kong active in the asset management space in the ASEAN region. We are excited to produce a publication that is the result of industry wide collaboration and invite others to take part as well. We believe the extensive international distribution of the Sphinx Asia ASEAN Mutual Fund Survey is an excellent way to showcase the region to global investors."
The publication which collates and analyses information on the ASEAN mutual fund industry will provide a valuable source of reference for anyone with an interest in this exciting Funds sector."
At the end of March 2012, the survey identied 74 funds with assets of US$ 13.1 billion. The dataset includes locally domiciled funds, local company sponsored funds irrespective of domicile and funds with ASEAN or one of the constituent markets as their geographic focus. In 2011, ASEAN domiciled fund assets increased by 7% (US$ 917 million) based on selected data. Assets under management at top ASEAN companies have increased compared to 2010 data.
Global mutual fund assets stood at US$ 25.9 trillion (+14% y-o-y) at the end of 2011Q2 in 71,030 funds according to data compiled by Investment Company institute (ICI) from 40 countries.
The recovery in mutual fund assets largely emanated from the rebound in global equity prices from a year earlier. Global fund assets rose by 1.2% q-o-q at end-2010Q2. Worldwide funds experienced US$ 106 billion in net inows in 2011Q2 (net inows were US$ 78 billion in Q1) according to ICI, with continued ows into long term funds, while short term funds saw outows.
Another challenging year has gone by for fund managers in the ASEAN region. Asset prices continue to be under pressure and so are the income streams of fund management companies. Strides have been made on a number of fronts, nevertheless. For example, product ranges are broadening. Regulators are raising the bar and striving for greater investor protections which will benet the industry in the long term.
Mr. Marshall concluded, Asset Managers in ASEAN are constructively engaging with regulators to contribute to the implementation of international best-practice.
This year's Survey edition has signicantly expanded coverage from last year's dataset. It includes a wider comparison of various jurisdictions in the region and also provides a directory at the end of each chapter.
For further information contact info@sphinxasia.com
