Singapore’s sovereign wealth fund GIC is expecting to earn lower returns in the coming years, citing concerns over valuations and market uncertainty in its annual report.
Author Archives: Francis Nikolai Acosta
Francis is editor for Fund Selector Asia, covering the asset and wealth management industry in Asia. He joined Last Word Media in November 2016 as a senior journalist and became deputy editor in 2019. Previously, he was a reporter at Ignites Asia, A Financial Times service, also covering the region's asset management industry. He has a Master's degree in journalism from The University of Hong Kong.
Risk-off mode persists in HK and Singapore
Fixed income funds in Hong Kong and Singapore saw the bulk of inflows in the first quarter of 2017, while the demand for equity funds remained low, according to a Cerulli Associates report.
Malaysia’s first China mixed-asset fund
Malaysia’s CIMB-Principal Asset Management launches the country’s first China-focused multi-asset fund.
MAS steps up rule enforcement
The Monetary Authority of Singapore (MAS) will be sending mystery shoppers to financial advisers as part of its efforts to boost enforcement, according to Merlyn Ee, the regulator’s executive director for capital markets intermediaries.
Regulators grant QFII quota and licences
First State and BOCHK received licences and US asset manager Hall Capital was granted QFII quota in June, according to China’s regulatory agencies.
Singapore’s AM industry up 7% in 2016
Despite several local bond defaults, Singapore’s asset management industry managed to grow 7% last year, with managed assets hitting S$2.7trn ($1.96trn), according to the Monetary Authority of Singapore’s 2016-2017 annual report.
HKEX: ETFs de-listed; funds to launch
Samsung Asset Management will delist six ETFs in Hong Kong, while Capital Group received a green light to launch five mutual funds.
Indosuez Wealth plucks another senior manager
Indosuez Wealth Management, the wealth management arm of the Crédit Agricole Group, has hired Eugene Huang as a Singapore-based senior banker.
Singapore in scramble for more bond investors
As the HK-China Bond Connect launches, Singapore plans to address its shallow bond investor pool by subsidising the cost of credit ratings from global agencies.
Mercer in alts hires for wealth business
Mercer has made three regional hires who specialise in alternatives, according to a statement from the firm.
