The government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.
Category: Rest of APAC
Headwinds for Korean equities
The last three years have not been easy for Korea-focused equity funds.
Samsung AM, Capital Group in Korea co-brand pact
The partnership will address the demand for retirement solutions and asset allocation products, which are expected to surge in Korea over the next decade, according to Samsung AM.
Aviva Investors unveils multi-strategy fund in Australia
The Aviva Investors Multi-Strategy (AIMS) Target Return Fund aims to deliver a return of 5% per annum above the Reserve Bank of Australia’s base rate over any rolling three-year period, the firm said. The current Australian base rate, called the cash rate, is 2.25%. “No matter who they are, investors want simple and specific outcomes […]
Baring warms to Korean market
The US and China provide some benefit to Korean corporates, Hyung Jin Lee, head of Asian equities, wrote in a recent research note. As the US economy expands, Korean exports should pick up. Another tailwind is the increasing number of Chinese tourists visiting the country. “In 2014, Chinese residents visited Korea more than any other […]
Manulife adjusts Korea, India holdings
“We trimmed exposure to India and Korea as we were concerned after the run-up [in markets]. We had different instances when target prices on stocks were reached,” said Csellak in an interview with Fund Selector Asia. Volatile Korea Korea with a 20.7% weighting and India (17%) were still the top country allocations of the Manulife Asian […]
Central bank action would boost cheap Korean equities
About 50% of Korea’s GDP is dependent on exports, which have been declining this year, according to Aidan Yao, senior emerging market economist at Axa Investment Managers. Weak external demand from the US is one reason why exports are falling. Also, Korean companies are strong competitors with their Japanese counterparts and the strengthening of the […]
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 […]
MandG bullish on Korean market
Korean equities are increasingly cheap and attractive, but mainly because all the surrounding markets have become very expensive, explained Robert Secker, M&G Investments emerging markets equity investment specialist.
Most Korea funds struggled in 2014
Only two Korea-focused funds over the past 12 months have reported positive returns, according to data from FE.
