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.

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 Asset management has established its first distribution team in Singapore.
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.
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.
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 Investment Management‚ part of Macquarie Funds Group‚ has completed the acquisition of ING Investment Management Korea from ING Group.
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 Investment‚ a London-based independent investment manager‚ has named Philip Kay to head up its Asia operations.
The Singapore Exchange and Thomson Reuters have launched a suite of Singapore dollar bond indices.
Citibank (M) Berhad has entered into an agreement with CIMB-Principal Asset Management Malaysia‚ becoming the first foreign bank in the country to distribute private retirement scheme solutions.
Part of the Mark Allen Group.