More than half of emerging market equity funds available for sale in Hong Kong and Singapore underperform the MSCI Emerging Markets Index, FE data shows.
Category: Fund news
Will onshore bond funds challenge dim sum?
China’s newly announced Bond Connect may boost the domestic bond market as RQFII-based funds underperform dim sum bond funds in 2017.
The best and the worst funds – April 2017
JP Morgan, Schroders, UBS, Castlestone, Kotak, SLI — these firms had funds among the best and the worst performers over the last three years. FSA runs the data on funds available to Hong Kong and Singapore investors.
Thai investors warm to multi-asset income funds
Siam Commercial Bank is the top fund asset gatherer in Thailand in 2017 thanks to high net inflows into its income-oriented global asset-allocation funds, according to Morningstar.
HK-Swiss scheme to join fund passport club
Yet another fund passporting programme, the Switzerland-Hong Kong Mutual Recognition of Funds scheme, is trying to get traction in Asia.
Foreign fund distributors in China prefer WFOEs to JVs
Wholly-foreign owned enterprises (WFOEs) in China have advantages over joint ventures (JVs) with mainland banks in onshore fund distribution, argue asset managers from Blackrock, Value Partners and ICBC Credit Suisse at the Fund Forum Asia 2017.
China awards RQFII quota to Malaysian firm
CIMB-Principal Asset Management became the first fund manager in Malaysia to be awarded an RQFII quota by China’s State Administration of Foreign Exchange (SAFE), according to the regulator’s records.
Slump in Malaysian Islamic mutual funds
The share of AUM in Malaysian sharia-compliant mutual funds has declined from the peak of 40.7% in March 2016 to 39.4% in March 2017, according to data from Morningstar.
Waverton: Massive ETF flows ‘distorting emerging markets’
Rapid inflows into emerging-market exchange-traded funds (ETFs) have distorted south-east Asian markets, according to Brook Tellwright, fund manager at Waverton Investment Management.
Private banking clients turn to ETFs
Exchange-traded funds (ETFs) are becoming clients’ tool of choice to gain targeted exposure to equity sectors, said Adam Cowperthwaite, Asia Pacific head of equity at Citi Private Bank.
