The AUM of India’s fund industry in 2014 rose by 27% year-on-year to $166.7bn, the strongest growth since 2008. Mutual funds are seeing rising interest from investors beyond the top 15 cities and equity funds are playing a bigger role in second-tier cities, according to local reports. Over the next few years, online channels such […]
Author Archives: Fund Selector Asia
Henderson Global launches five funds in Singapore
Over the next five years, the firm intends to increase the source of assets under management from Asia to 15% of total from the current 3%, double regional headcount and develop local products, Alexander Henderson, managing director of Asia, told Fund Selector Asia.
Global ETFs likely to overtake hedge funds
The London-based research and consultancy firm said the assets under management of global ETFs reached a new record of $2.926trn at the end of the first quarter. In comparison, the assets of the global hedge fund industry was $2.939trn. Furthermore, the global ETF industry has been growing at a faster rate than the global hedge […]
Asian managers tend to wait and watch
Nearly 65% of respondents believed it is more prudent to instead learn from the experiences of first movers as the risks are high due to the complexity of dealing with several regulatory authorities. A majority of respondents (83%) expect an increase in the regulatory agenda in Asia over the next five years. “This poll suggests […]
China stock market most favoured by Hong Kong investors
Nearly 31% of the surveyed respondents said they are likely to invest in China equities if interest rates are reduced further this year.
Pioneer Investments, Santander AM to merge
The deal will create a holding company, named Pioneer Investments, with combined assets under management worth €400bn ($431.7bn). According to the deal, UniCredit and private equity firms (Warburg Pincus and General Atlantic) each will own a 50% stake in the holding company, which will in turn own 100% of Pioneer’s US business. For businesses outside […]
Rising appetite for income products: Legg Mason
Almost 92% of investors surveyed in Singapore and 91% in Hong Kong said income-generating investments are extremely important in 2015. At Fund Selector Asia’s income forum in February, asset managers stressed income investing opportunities are available across a range of asset classes despite the low yield environment. The Legg Mason survey released today found Singapore investors […]
Further easing on cards even after China cuts banks’ RRR
The People’s Bank of China (PBoC) on Sunday lowered the RRR for banks by 100 basis points to 18.5% as it seeks to add more liquidity to the economy, help boost bank lending and combat a growth slowdown. “The major reason for the RRR cut is the net forex outflows from China,” Grace Tam, global […]
Northern Trust sets up sales and client service team in Australia
The firm said it has hired BlackRock’s former vice president, Shane Teunissen, as senior institutional sales manager. Teunissen has more than 14 years of industry experience working across Australia and New Zealand. In addition to Teunissen’s appointment, the firm has named Ann-Marie Garry as sales associate. She joined Northern Trust following its acquisition of Bank […]
Asian markets appeal to Singaporean investors: Franklin Templeton
Even as China’s economy is slowing, 49% of the investors said the country offers the best investment opportunities followed by ASEAN countries (26%) and India (17%). The optimism comes from better economic growth prospects relative to other global economies, rising population and consumption, along with reform initiatives in some countries like India, China and Indonesia. […]
