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Southeast Asian fund assets total $82.5 billion in 2008

Retail and institutional asset declines in Southeast Asia were 18% and 21% respectively û less than the declines recorded in many neighbouring North Asia countries.

Asset management markets tracked by Cerulli Associates in Southeast Asia -- namely Singapore, Malaysia, Thailand, Indonesia, Philippines and Vietnam -- have emerged less battered by the fund exodus of 2008 than many of their neighbours in North Asia.

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