Over the next five years, the firm intends to increase the source of assets under management from Asia to 15% of total from the current 3%, double regional headcount and develop local products, Alexander Henderson, managing director of Asia, told Fund Selector Asia.
The London-based research and consultancy firm said the assets under management of global ETFs reached a new record of $2.926trn at the end of the first quarter. In comparison, the assets of the global hedge fund industry was $2.939trn. Furthermore, the global ETF industry has been growing at a faster rate than the global hedge […]
China’s ecommerce firms are moving into financial services, putting competitive pressure on fund management companies (FMCs). The research firm cited as examples Alibaba affiliate Ant Financial’s reported plan to acquire a stake in Tebon Fund Management and Tencent establishing WeBank, China’s first online bank, last year. “The only viable online opportunity FMCs can access for […]
To address the growing investor base in Malaysia, Franklin Templeton Asset Management has launched a domestic feeder fund, which provides access to its global equity product.
Despite a record-setting, multi-day market rally, valuations of Hong Kong stocks are currently low relative to both global equity markets and to the Hong Kong market historical average, according to FE analytics.
Lion Global Investors has launched three RQFII (Renminbi Qualified Foreign Institutional Investor) funds after it received an RMB1bn ($161m) quota from the State Administration of Foreign Exchange (SAFE).
China’s mutual funds are now permitted to invest in Hong Kong shares using the Shanghai-Hong Kong Stock Connect programme, according to the China Securities Regulatory Commission.
Retail investors in Greater China rank fund house websites as the top source of investment information, and digital tools are beginning to get traction among fund houses, according to a Cerulli Associates survey.
Pictet Asset Management has launched the Pictet Chinese Local Currency Debt fund.
The total annual turnover of exchange traded funds and real estate investments trusts listed on the Hong Kong exchange soared 25% year-on-year to reach a record-high of HK$1.23trn ($150bn), according to the Hong Kong stock exchange.
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