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Funds in Asia see first inflows in 11 weeks: Citi

Michelle Zhu Published on Fri, Aug 19, 2016 / 12:33 PM GMT+8

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SINGAPORE (Aug 19): Asia funds are finally seeing inflow for the first time in 11 weeks, recording US$487 million ($654.3 million) of inflow as net foreign buying in Asia hit US$1.4 billion, says Citi Research in a Friday report.

Although Japan had US$413 million of inflow, lead analyst Markus Rosgen says notes that the volatility is still high. Taiwan saw close to US$500 million of foreign inflow, while India booked US$361 million.

Emerging market (EM) funds, in particular, are experiencing a surge.

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Funds in Asia see first inflows in 11 weeks: Citi