Investor demand for EMs drives record net inflows during 2009

Fund managers generated record net inflows in 2009, driven by strong investor demand for emerging markets.

First State recorded net inflows of £1.5bn in 2009, up from £530m the previous year and £260m in 2007. Almost £700m was invested during Q2 2009, as the markets rebounded from March’s low. It takes funds under management for its Oeic range to £7bn. Head of wholesale UK and Europe Graham Fox says the Asia Pacific and Global Emerging Markets mandates saw the biggest inflows. “Our Asia Pacific and emerging markets funds definitely took the bulk of sales,” he says. “We were a bit surprised at the volume of new money last year. However, in 2008 people took money out of a lot of asset ...