Malaysia Open-End Asset Flows Update – 2015 September

Equity funds recorded huge outflow

Nelly Poon 27.10.2015
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All figures are quoted in MYR unless otherwise stated.

Equity funds recorded huge outflow
Equity funds recorded 1.6 billion outflow in September, while allocation funds, fixed income funds and other funds attracted capital during the month.

Flows by Morningstar Categories
(Ranked by 1-Mo flow as of September 2015, excluding money markets and funds of funds)

MYR Bond funds saw 856 million in September, putting its estimated year-to-date inflow to 1,63 billion. Islamic Malaysia Equity funds has the highest year-to-date inflows among all categories, with an estimated amount of 3.92 billion. Hong Leong Income Management fund, the fund that saw most inflows in September, is a MYR Bond funds. 

Top- and Bottom- Flowing Mutual Funds  
(Ranked by 1-Mo flow as of September 2015, excluding money markets and funds of funds)

 

Flows by Fund Family
(Ranked by assets as of September 2015, excluding money markets and funds of funds)

The largest fund family by AUM in Malaysia, Public Mutual, saw 306 million net inflows in September, putting its year-to-date inflow to 2.49 billion.

 

Important methodology note: Morningstar computes flows using the approach that is standard in the industry: Estimated net flow is the change in assets not explained by the performance of the fund. Our method assumes that flows occur uniformly over the course of the month. Adjustments for mergers are performed automatically. When liquidated funds are included, the final assets of the fund are counted as outflows. Reinvested dividends are not counted as inflows. We use fund-level reinvestment rates to improve accuracy in this respect. We make ad hoc adjustments for unusual corporate actions such as reverse share splits, and we overwrite our estimates with actual flows if managers are willing to provide the data to us. Please click here for a full explanation of our methodology.

 

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Nelly Poon  Nelly Poon is an editor with Morningstar.

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