Asset managers in Singapore are highly receptive to plans for a new investment fund framework, with about 90% preferring an open-ended investment company structure, according to a PwC survey.
Author Archives: Fund Selector Asia
HK FSDC calls for flexible fund structures
The Financial Services Development Council of Hong Kong has published proposals to broaden the fund structures permitted in the territory, including open-ended investment companies, in a bid to attract more funds to domicile locally.
Investable assets of Asia ex-Japan institutions to hit US$17trn
Cerulli Associates forecasts investable assets of Asia ex-Japan institutions to hit US$17trn (£10.55trn) by 2017‚ representing a compound annual growth rate of 10%‚ led by the Southeast Asian region.
Nordea AM establishes Singapore sales team
Nordea Asset management has established its first distribution team in Singapore.
HK equity funds in vogue but bond funds hit
Equity funds were popular in Hong Kong during the third quarter notching up net inflows of US$1.8bn‚ while bonds funds suffered net outflows of US$2.7bn‚ according to the Hong Kong Investment Funds Association.
HK MPF assets more than double since 2008 – Cerulli
Assets in Hong Kong’s Mandatory Provident Fund have more than doubled since 2008‚ accounting for about 63.5% of retirement investable assets despite the lack of clarity over fund expense ratios‚ according to Cerulli Associates.
Providers face six month cut-off for SFC applications
From 1 January next year providers seeking regulatory approval to launch new products, including ILAS, in Hong Kong will have only six months to complete the application process before data has to be re-submitted and they lose their application fee.
Macquarie buys ING Investment Management Korea
Macquarie Investment Management‚ part of Macquarie Funds Group‚ has completed the acquisition of ING Investment Management Korea from ING Group.
BNY Mellon separately managed account busi Singapore
BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.
City Financial names Kay to head Asia
City Financial Investment‚ a London-based independent investment manager‚ has named Philip Kay to head up its Asia operations.
