AIA Investment Management Thailand’s first funds will include foreign and domestic investment funds.
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AIA Investment Management Thailand’s first funds will include foreign and domestic investment funds.
The bank has found replacements for Chow Shang-Wei, who left the bank earlier this year and is now Deutsche Bank’s head of wealth management for Southeast Asia.
The fund is available in Philippine pesos, making it easier for domestic investors to invest in the product.
The fund aims to distribute income on a bi-monthly basis, targeting 4-4.5% per annum.
The number of ETFs listed in Malaysia has grown to nearly 20 from just 11 since the country’s regulator revised ETF rules in 2018.
The platform will make use of mutual funds managed by local firm PNB.
One of them is a fixed income product that invests in US dollar-denominated bonds globally.
Similarly, Kuala Lumpur-based BIMB IM also launched its own robo-advisory platform last month.
They include products managed by Jupiter Asset Management, Blackrock and Principal Asset Management.
BIMB IM started to manage ESG portfolios when it partnered with a UK firm in 2015.
Part of the Mark Allen Group.