Japan leads global mutual funds growth
Asian markets are close behind, but Deutsche survey reveals big differences in composition.
A survey of the global mutual funds market by Deutsche Asset ManagementÆs retail arm DWS Investments reveals that in 2005, the industry grew fastest in Japan, where assets in mutual funds rose 35% to Ñ55.3 trillion Ç397 billion, $484 billion. Last year JapanÆs industry increased AUM at the fastest rate in its history. The strong performance of Japanese equity benchmarks as well as inflows grew Japanese equity funds by 49% to Ñ40.8 trillion $357 billion.
Asia-Pacific ex-Japan was...
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