Asset managers should not focus on fund performance as the only parameter to feature into a fund selector’s buy list as investment philosophy and investment process are also ranked high by gatekeepers in Asia, revealed a Cerulli report.
Category: Fund news
AmInvest unveils feeder into Blackrock fund
AmInvest has opened a feeder fund which will allow Malaysian high net worth investors to access BlackRocks Global Multi-Asset Income Fund.
Few products hindering Shariah funds in Malaysia
Even as growing numbers of multi-national asset managers are moving to set up shop in Malaysia, as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
Dramatic allocations shift as global fund sales
Investors around the world poured almost $1trn (726bn, £599bn) into funds during 2013, roughly the same as the year before, but changed their allocations “dramatically”, according to an annual report on the global funds industry issued by Strategic Insight.
Fund distribution model Korea report
An online fund supermarket preparing for launch in Korea is unlikely to have much of an impact on the country’s mutual fund distribution landscape in the short term, according to Cerulli Associates.
HK fund industry net sales slump in 2013
The Hong Kong fund industry witnessed a slump in net sales in 2013 over the previous year, according to Hong Kong Investment Funds Association, which attributed the decline to bond funds which saw net annual outflows for the first time since 2007.
Sinopac to launch Asian equity value fund
SinoPac Asset Management will launch the Accudo Asian Value Arbitrage Fund in early March and has appointed Manuel Schlabbers as the fund manager.
Bonds out of favour with HK managers
The majority of asset managers in Hong Kong are optimistic about the outlook for equity markets and many continue to hold a negative view of bonds, according to a recent survey.
BlackRock floats merging market fund
BlackRock has launched a new multi-asset fund aimed at emerging market investors.
Schroders reopens Asia asset income fund
Schroder Investment Management, the Hong Kong arm of London-based Schroders plc, has reopened its Asia Asset Income Fund, and added a Renminbi-hedged share class.
