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From Precy Dumlao, Opalesque Asia:
The majority of Asia’s key distributors of retail investment products, including retail banks, private banks, insurance companies, asset managers, securities/fund platforms, and independent financial advisors will maintain their focus distributing allocations into China and Asia (ex-Japan) while continuing to reduce or avoid exposure to the United States and European markets.
That was the finding of the latest annual Greenwich Associates 2011 Asian Intermediary Distributors Study that was participated in by at least 124 intermediary distributors that distribute about $500bn in investment assets — or roughly 70% of the $700bn asset size that Greenwich Associates estimates for the overall intermediary market in Asia (ex - China and Japan).
The study said, "In many markets, these distributors rank domestic stocks as far and away the top-selling equity products on their platforms. Behind domestic stocks, the products cited most often by distributors as ranking among their top-five selling equity products are Chinese equities, Asia (ex – Japan) and emerging market equities. In the coming year, 38% of fund distributors expect retail demand to increase for emerging market equities, 36% expect to see rising demand for Asia (ex – Japan) equities and one-third of distributors predict a demand increase for Chinese equities. Asian fund distributors rank money market funds and balanced fund...................... To view our full article Click here
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