Amid a global market rout, investors in Asia appear to have stronger nerves than their counterparts around the world, with indications they’re adding to their emerging markets holdings.

The Institute of International Finance (IIF) said Asia-based investors were actually net buyers of emerging market (EM) securities funds, investing about $3.85 billion since the start of the year, after pulling out around $14.6 billion last year.

“This was mainly driven by investors in China, Korea and Thailand,” while Japanese investors have been net sellers of around $800 million worth of investments in EM securities funds, the global financial industry association said.

Asian investors have also been net buyers of mature market securities so far this year, to the tune of around $8 billion, the IIF said. But overall, they’ve sold about $500 million worth of mature market bonds, while buying about $300 million of EM bonds so far this year, the IIF said.

That runs counter to indicators from other regions.