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The funds that lost the most money in August

Exclusive Citywire research examining the top five sectors that lost the most money in August

In this gallery, we examine the top sectors and funds that saw the most net outflows in August.

The analysis is based on global fund flows experienced by funds available for sale in Singapore and/or Hong Kong. All flow figures are in US dollars.

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In this gallery, we examine the top sectors and funds that saw the most net outflows in August.

The analysis is based on global fund flows experienced by funds available for sale in Singapore and/or Hong Kong. All flow figures are in US dollars.

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Investors continue to shun global bonds for the fourth month running. On average, each fund in the sector saw outflows of $7.2 million in August.

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About 64.2% of funds in the global equity income sector saw net outflows in August. On average, each fund in the sector recorded redemptions of $14.1 million.

The BGF global equity income fund started the year on a positive note with inflows of $100.5 million in January and $147.4 million in February. However, tides turned in the subsequent months.

The fund registered six straight months of redemptions and lost $371.3 million in total during this period of time.

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The Japanese equity sector lost $656.6 million in August, its highest outflows year-to-date.

The Schroders ISF Japanese opportunities fund has been averaging net outflows of $63.4 million since March 2018. As of end August, it has $1.7 billion (JPY 194.8 billion) in assets under management.

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The global high yield bond space continues to fall out of favour with investors, registering net redemptions of $674.9 million in August 2018.

The AB global high yield fund accounted for 40.0% of the outflows in the sector in August. The fund has been hit by a string of outflows since October last year, losing $3.3 billion over the past 11 months. Assets under management for the fund stood at $20.8 billion as of end August.

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Withdrawals from the global flexible bond sector were largely driven by the PIMCO GIS income fund. The blockbuster fund of 2017 started witnessing outflows in February this year. Despite a brief reprieve in July, outflows from the fund resumed in August.

It registered $979.8 million in net redemptions in August, bringing its cumulative net outflows to $5.4 billion year-to-date. As of end August, the fund size stands at $63.3 billion, down 14.4% from the $72.4 billion assets under management the fund posted in end 2017.

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