The wealth of individuals with net worth of between $5m and $30m grew by around 10% in the financial services-dominated economy last year, according to a Wealth-X survey.
Category: Markets
Mirae Asset targets investors in Vietnam
Other plans include offering its globally-listed ETFs to investors in Southeast Asia.
Singapore’s local fund structure aims to win over Caribbean domiciles
The biggest benefit of Mindful Wealth’s re-domiciling of its CLO fund to Singapore could be the new structure’s endorsement by MAS.
Eastspring rolls out two funds in Thailand
The firm has raised THB 11.1bn ($360m) from two feeder funds that were launched last month.
Bank of Singapore makes key Greater China hire
The bank has hired HSBC Private Banking’s head of wealth planning for Asia-Pacific.
Hong Kong investors jump into China ETFs
Hong Kong investors seem to be betting that the markets will recover this year from the US-China trade tensions and coronavirus impact.
HSBC GAM readies HY fund in Singapore
Separately, Morgan Stanley said it has brought an emerging market equities product to Asia.
Invesco, Pinebridge lead in Taiwan fund flows
On the flipside, JP Morgan AM and HSBC Global AM had the highest net outflows, mostly driven by redemptions from their China equity funds.
Income theme continues in Malaysia
The best-selling fund last year was a locally-wrapped version of Schroders’ Asian Income Fund.
