Assets in China’s onshore mutual funds fell 5.2% in the first half after investors fled domestic equities.
Category: Fund news
Fund managers warn on European bank stress
The banking sector’s worrisome low valuations have the potential to spark a financial crisis, fund managers said.
E Fund in cooperation with Holland’s APG
China’s E Fund Management hopes to learn from the experience of the Dutch pension fund asset manager and apply the knowledge to its own onshore mandates.
Old Mutual Wealth to be spun out and floated
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
Malaysia, Indonesia lead in Shariah funds
The Shariah fund market remains highly challenging despite heightened interest from managers and regulators in Southeast Asia, according to Cerulli Associates.
HSBC launches fund into slowing MRF market
HSBC GAM launched a southbound multi-asset fund managed by joint venture HSBC Jintrust, but sales of southbound funds through the MRF have been weakening.
Volatility ramps up among top UK funds
Even the top five performing UK equity funds in Asia have lower performance and higher volatility than last year as the Brexit vote nears.
CSRC to permit retail sales of mutual fund of funds
Mutual fund-of-funds are expected to roll out later this year after the release of a consultation paper from the China Securities Regulatory Commission.
Foreign fund assets surge in Southeast Asia
However, assets are concentrated among the larger players, according to Cerulli Associates.
Stressed QFII fund under fire
A QFII fund from Australia investing in A-shares might wind up as investors are fed up with heavy losses and discount to net asset value, according to reports.
