Foreign investment funds continue to be popular in Thailand, with assets growing 15% annually to THB 1.17trn ($37bn) in 2017, according to Bank of Thailand’s 2017 financial stability report.
Category: Southeast Asia
Mirae Asset to establish JV in Vietnam
Korea’s Mirae Asset Global Investments is forming a joint venture with Vietnam’s State Capital Investment Corporation (SCIC), according to local reports.
Report: Thailand’s SCB AM to develop offshore products
Bangkok-based SCB Asset Management, Thailand’s second largest asset manager, is planning to go beyond its range of foreign feeder funds and develop its own actively-managed global funds that invest abroad, according to a local report.
Philippines approves Credit Suisse rep office
Bangko Sentral ng Pilipinas (BSP) has given Credit Suisse a green light to establish a representative office in the Philippines, according to Chuchi Fonacier, the central bank’s deputy governor for supervision and examination.
Credit Suisse applies to set up in the Philippines
Credit Suisse is one of several foreign banks planning to set up representative offices in the Philippines, enabling them to promote their own financial products and services locally.
Philippines aims for Shenzhen stock connect
The Philippine Stock Exchange (PSE) is eyeing a potential partnership with the Shenzhen Stock Exchange while separately, the Asean trading link between regional exchanges has been shut down.
T Rowe and Thailand’s LH Fund launch bond fund
T Rowe Price has partnered with Thailand’s Land and Houses Fund Management (LH Fund) to launch a global income fund for domestic investors.
Manulife launches products in the Philippines
Manulife Asset Management and Trust (Manulife Trust) has launched three mutual fund products in the Philippines, according to a statement from the firm.
Thailand loosens cap on offshore investment
The Bank of Thailand (BoT) has raised the ceiling to $100bn for domestic investors who want offshore exposure.
Vietnam investment risks in the spotlight
Good corporate governance is top of list when evaluating investments in Vietnam, according to industry sources.