AMP Capital said that it has raised more than $540m in new commitments for its global infrastructure platform during the last six months, which has resulted in a first close for the AMP Capital Global Infrastructure Fund and has put it closer to the platforms target of $2bn.
Demand for Chinese money market funds (MMFs) is expected to rise at a slower pace after a surge in asset growth over the last 18 months subsides, according to a new report from Fitch Ratings.
Exchange-traded funds listed in Europe and Asia-Pacific and launched in January collected about 90% of the $526m worth of inflows into new assets, according to data from Markit.
Meeting of the achieved target returns rather than poor fund performance is the key reason that a majority of Asian retail investors sell their fund investments, according to new research from Cerulli Associates.
The working group of the Asia Region Funds Passport has come out with a set of draft rules to facilitate cross-border funds in the region.
Even as the US and Japan managed inflows, the global fund industry ended the year with net outflows, led by $852bn in investments fleeing Europe, according to data from Lipper.
Last year, Hong Kong’s fund industry had a 21% increase in net sales, led by inflows into European and Asian equity funds, according to the Hong Kong Investment Funds Association.
Asian equities ex-Japan stood out as this year’s preferred asset class, according to an FSA survey of fund selectors and portfolio managers.
Pension funds dominate the Japans asset management industry, but they are becoming less tolerant of underperforming managers and also their investment horizon is reducing, according to a new research from Cerulli Associates.
Most multi-asset funds need to offer an income yield around the 5% level to be competitive, says rating agency, Fundhouse, but this is increasingly tough to deliver.
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