Even as growing numbers of multi-national asset managers are moving to set up shop in Malaysia, as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
M&G Investments, a subsidiary of UKs Prudential, has received a license from Hong Kongs capital market regulator to expand its marketing activities to professional investors.
Emerging markets house Matthews Asia has recruited Andy Rothman as an investment strategist focused on Chinas economic and political developments.
BlackRock has appointed Goldman Sachs Helen Zhu as managing director and head of China equities.
The Thai capital market regulator has entered into a collaboration with Japan’s Financial Service Agency that will strengthen cross-border business opportunities between the two countries and also enable more investment choices for investors.
More than half of the entire active mutual fund industrys net flows were attracted by the top 15 managers last year.
Malaysia’s Hwang Investment Management has launched a new fund that will tap the opportunities in the Japanese market.
Investors around the world poured almost $1trn (726bn, £599bn) into funds during 2013, roughly the same as the year before, but changed their allocations “dramatically”, according to an annual report on the global funds industry issued by Strategic Insight.
BEA Union Investment Management has appointed Henry Chan Yue-Hung as chief investment officer with immediate effect.
Manulife Asset Management Singapore has launched an Asian bond fund, which will focus on allocating assets to investment grade bonds in the Asia Pacific region.
Part of the Mark Allen Group.
