SLI fund manager Neil Slater will become the firm’s CEO of Japan.
Category: Rest of APAC
Australian mutual fund market tough to crack
Foreign fund managers seeking distribution in Australia face unique challenges, according to research firm Cerulli.
T. Rowe Price appoints new Japan chief
T. Rowe Price has hired Naoyuki Honda as country head for Japan.
China and Japan need structural reform – Bank of Singapore
Bank of Singapore chief economist Richard Jerram said while the Chinese and Japanese financial markets might respond well to short-term stimulus, there is too little focus on structural reform.
Tax changes may boost Korea’s mutual fund industry
The government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.
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 […]
