Morningstar OBSR has downgraded the Baring Hong Kong China Fund from a bronze to a neutral rating because it believes the execution of the investment process is hampered by the fund’s size of $2.3bn.
Category: Fund news
Underperforming Kwan handed 3rd fund at Fidelity
Fidelity Worldwide Investment has given portfolio manager Polly Kwan an Asian income mandate to run, which is looking to pay investors a yield of approximately 3.4%.
Value Partners HK mandate for Asia Pacific fund
Value Partners Hong Kong has received the mandate for managing the investments of US-registered closed-end Asia Pacific Fund from 1 October.
Aberdeen raises thb400m through Japan fund
Aberdeen Asset Management Company has raised about THB400 mn through Aberdeen Japan Opportunities Fund that was open for initial subscription from 14-26 August, with majority of investors being high net worth individuals.
Aberdeen plans to swap All Asia for Japan
Aberdeen is proposing to change the mandate on its Aberdeen All Asia investment trust to focus exclusively on Japan.
APAC China equity funds hit record monthly inflows
Emerging market funds magnetised investment in January with some fund categories enjoying record monthly inflows, Morningstar data shows.
Aberdeen All Asia under review
Morningstar has put the Aberdeen All Asia Investment Trust under review following the decision by the board to change its mandate to Japan-only.
UK residential property fund gets MAS ok
A fund which lends money directly to end borrowers in the UK real estate market has been approved for distribution by the Monetary Authority of Singapore following demand from advisers.
Momentum gets fund approval from HK SFC
Momentum Global Investment Management has received approval from the Securities and Futures Commission to sell its Luxembourg domiciled Ucits fund range to retail investors in Hong Kong.
Aberdeen Young soft closure for Asia Pacific fund
Singapore-based Aberdeen veteran fund manager Hugh Young has warned that a sudden $5bn inflow to its Asia Pacific strategy could force its flagship $10.3bn Sicav fund to soft close to new business.
