Japan’s $1.2 trillion Government Investment Pension Fund plans to dramatically increase domestic and foreign equity exposure while cutting positions in domestic bonds.
Category: Fund news
Maybank floats global sukuk fund
Maybank Asset Management has launched a US dollar-denominated global sukuk fund to meet investor demand for Shariah-compliant fixed income funds.
Nikko AM takes lead in passporting Singapore fund
Nikko Asset Management has received the go ahead from the Monetary Authority of Singapore to offer a fund under the ASEAN Collective Investment Scheme.
Commission model bottlenecks ETFs
The commission-based distribution model common in Asia is a key reason why exchange traded funds have comparatively less popularity in the region, said Marco Montanari, head of Deutsche Bank’s passive asset management, Asia Pacific.
RHB AM floats equity fund
Malaysia’s RHB Asset Management has launched an Asian equity fund that aims to invest in companies with entrepreneurial characteristics.
Funds start buying into Alibaba
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.
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.
