Franklin Templeton, Nomura Asset Management conquer first half
Strategic Insight research shows Franklin Templeton was the biggest gainer of $500 billion of fund flows worldwide, while in Asia the lion’s share went to Japanese asset managers.
The first half of 2010 has seen bigger net flows to asset-management companies worldwide than the first six months of 2009, with net flows to long-term mutual funds -- ie non-money-market products -- topping $500 billion, according to New York-based Strategic Insight.
Money-market funds in fact recorded a net outflow of $625 billion in the same period. That means the first six months of 2010 saw the total mutual-funds industry see a net $138 billion of outflows, but the trend overall …
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