Southeast Asia Archives - Page 11 of 21

Malaysian firms roll out investment apps

Affin Hwang AM and Hong Leong AM are the latest to launch investment apps in the country.

The SFC has also signed similar agreements with Netherlands, mainland China, Switzerland, the UK, Luxembourg and France.

Unlike other markets in Asia, investment strategies focusing on the sector have not become widespread yet in both countries.

Separately, the firm has raised at least $300m in its Series A funding round, led by Seoul-based Hanwha Asset Management.

It aims to be the leading asset manager in the country within the next five years.

Assets of the bank’s fund management businesses breached the Ps 1trn ($20.7bn) mark last year.

The fund was one of the best-selling technology products in Hong Kong and Singapore last year.

Digitalisation, premiumisation, experience, urbanisation and wellness are driving the Asia consumption story.

The firm has also launched the platform in other markets in Asia, including Hong Kong and the Philippines.

The Nikko AM Ark Disruptive Innovation Fund has returned nearly 100% this year.