A FLOOD of cash into Asia-Pacific equity funds in February provided the unit trust industry in the territory with the largest net inflow of funds in more than three years, say industry sources.
Sales at Hongkong Unit Trust Association member funds outpaced redemptions by US$55.9 million.
Total sales were $202.4 million compared with redemptions of $146.5 million.
Association chairman Mark White said: ''The strong net sales figures recorded in February show investors' confidence is picking up strongly after a quiet kick-off in January.
''In 1992, in terms of net investment, the bond fund sector was most favoured. Now, investors are turning more to Asia-Pacific equity funds.'' By sector, Asia-Pacific equity funds accounted 39.78 per cent of all sales and redemptions and made up $48.4 million of the net sales.
Japanese equities' net inflow was $8.4 million and accounted for 8.4 per cent of total investor activity.
Hongkong funds' net inflow was $3.6 million and the sector made up 8.2 per cent of total investor activity.
