About one month after Alibaba’s $25bn IPO on the NYSE, the largest in history, five funds registered for sale in Asia have made the Chinese ecommerce giant a top ten holding.
Category: Fund news
Irish and Chinese fund groups sign agreement
The Irish Funds Industry Association said it has signed a memorandum of understanding with the Asset Management Association of China in Beijing to promote closer cooperation.
Retail investors lack mutual fund knowledge
A survey of 4,000 retail investors in China, Hong Kong, Taiwan and Singapore revealed that about 40% do not know what mutual funds are, according to research firm Cerulli Associates.
Asset manager funds cancer treatment
Asset manager American Century Investments, which channels 40% of its profits into medical research, has helped fund a potential breakthrough in the treatment of inoperable cancerous tumours, the firm said.
Aberdeen gets OK for Indonesian fund buy
Aberdeen Asset Management Asia has received a green light from regulators to buy a majority stake in Indonesia’s NISP Asset Management from NISP Sekuritas.
Zurich fund buyers have faith in three arrows
Zurich’s fund selectors are way more enthusiastic about Japanese equities than their counterparts in any other country.
ETF closures continue
Three major ETF issuers have announced plans to close a total of 26 ETFs, several of them with Asia-Pacific themes, according to Morningstar.
Select hedge fund strategies beat global markets
Less than half of the hedge funds offered in Hong Kong and Singapore have delivered more than 10% over the past three years.
Multi-asset funds investment avenues
Multi-asset funds are becoming attractive because they can address the market volatility that is likely to increase as the US Federal Reserve raises interest rates, sources said.
Pictet beefs up on energy stocks
The energy sector presents a buying opportunity as geopolitical risks remain high while energy stock valuations are relatively low, according to Pictet Asset Management.
