“Navigating the ongoing impact of the Covid-19 pandemic on financial markets and economies is the biggest challenge faced by the fund management industry,” says Xav Feng, director, Lipper Asia Pacific Research, at Refinitiv.
SINGAPORE (May 15): The year 2019 ended on a high for the global fund market, achieving a total net inflow of US$1.35 trillion ($1.9 trillion) which was more than double that in 2018. All assets, except equity funds, enjoyed net inflows, according to data from Refinitiv.
However, barely halfway through the first quarter of 2020, the rapidly worsening Covid-19 outbreak triggered wild swings in the markets. And the impact on the asset management industry was quickly apparent. Between 4Q2019 and 1Q2020, net inflows halved.
