AsiaÆs onshore funds enjoy $80 billion inflow

The global mutual funds industry may feel like it has just taken a beating to the head, with mass redemptions and devaluations. But the story in Asia is not quite so disheartening: funds registered onshore in major jurisdictions gained a net inflow of $80 billion in 2008, despite assets under management declining 30%.New York-based research house Strategic Insight says China accounted for the biggest portion, with $35 billion of inflows in the fourth quarter (mainly to cash products),…