Japanese equities mutual
funds suffered a third straight month of net outflows in
December for the first time in nearly 13 years as a poor
performance stemming from Europe's debt crisis and the yen's
firmness prompted selling by risk-averse retail investors.
Equity investment trust funds, a type of mutual fund known
as toushin, saw net outflows of 44.4 billion yen ($578.80
million) in December after posting net outflows of 273.7 billion
yen, the biggest in three years, a month earlier, the Investment
Trusts Association of Japan said.
Equity trust funds marked the third consecutive month of net
outflows for the first time since the February-April period of
1999.
(Reuters)
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