Asia investors shift from money market funds to active funds, alternatives: Wellington Management head of Apac

[HONG KONG] Asia’s investors are starting to move assets out of the sidelines from money market funds to areas of opportunity such as actively managed funds, fixed income and alternatives, said Janet Perumal, head of Asia-Pacific and head of investments for Apac at Wellington Management, to The Business Times in an exclusive interview.

It has been a “stellar year” for the asset manager’s Singapore business as there have been more inflows. Also, “money was on the sidelines in money market funds, and (investors) are starting to deploy out of money market funds”, she added.

This applies to investors in the wider Asia region, not just in Singapore, she noted, as people move into areas of opportunity as markets face increased uncertainty and volatility.