In addition to the great rotation from bonds, stocks in developed and emerging markets, in 2013 investment themes covered in Asia is to see their portfolio migration flows: from south to north.
Foreign investment flows have been released in China, Korea and Taiwan stock markets since July first, preliminary indications that investors can still be seen on the prospects for emerging markets, depressed the value of the pocket.
The attractiveness of these markets from several factors.
Although consensus is still outperforming the stock market calls in Japan, the United States and other developed countries, investors believe that the Asian trade-driven growth, open economy, in order to do as well as the range of U.S. economic growth and recovery.
To add to the mix, the share price has been finalized in China and South Korea, according to some analysts believe that China's economic growth collapse exaggerated view of the huge trade surplus with these countries buffer.
South Korea in July, foreign investment flows amounted to 85.3 billion yuan, reversing some of the heavy outflow of stock a few months before, BNP Paribas (BNP Paribas) data refresh the display. Korean bond market has received more than $ 1.2 billion U.S. dollars this year.
Foreigners bought $ 2.75 billion yuan last month, the Taiwan Stock Exchange, offsetting June sales. They sell for $ 2.53 million U.S. dollars of debt and equity markets in India and Indonesia, and a heavy amount.
Inflow of Chinese stocks and bonds on the data are scarce, but China Enterprises Index, the Chinese state-owned enterprises listed in Hong Kong since the top by the end of June has risen about 9.5%.
Sharp UNWIND '
Citi Investment Management Asia head of fixed income John Woods said: "The whole story in Asia is a rotation." "We have seen in the flow area is a sharp capital inflows in Southeast Asia and North Asia, especially South Korea and Taiwan to relax."
For the majority of investors, especially those who are not specifically designed for emerging markets, the biggest driving factor in determining future by the U.S. Federal Reserve's monetary tinny. Looming is to reduce a four-year quantitative easing (QE) flooding the market with cash and investors scurrying yield.
The big picture, so the theme of asset allocation is still one of convertible bonds into shares. Citigroup's data show that the global bond funds in August 7 end of the week, we see the outflow of 2.2 billion dollars, while equity funds received $ 9.6 billion.
Therefore, unless some of the marginal distribution, there is little hope that the Asian economic slowdown fund managers, yields rose in the environment, the U.S. economic growth and better risk.
"Quantitative easing policy easing is a big problem," said Mark Wills, SSgA's asset allocation team at Sydney's senior portfolio manager.
"Once the taper on the table, ending hunting yield, investors want the best moments of quality risk, they can encroach on the U.S. stock market."



Other News:
Asia's great investor rotation flows to North from South
Calif. man's charge upped to murder after tweets
Whirlpool buying Hefei Sanyo stake for $552M
Central African Republic on brink of collapse: U.N.
Egypt braces for more violence as Brotherhood calls 'march of anger'
Lower airfares help UK inflation ease to 2.8 pct
More than 200 dead after Egypt forces crush protest camps
Talks resume as Israel frees Palestinians, pursues settlements