In his new fund, Mark Mobius plans to use his considerable clout to work directly with companies in emerging markets on improving their governance practices.
Category: News
The FSA Spy market buzz – 4 May 2018
Fullerton Hires, Blackrock goes high, Musk’s meltdown, Trilake’s airports, Hang Seng’s bestsellers, Ageism in asset management, Misleading headlines and much more…
BOCHK and Hang Seng score MRF approvals
Two Hong Kong equity funds managed separately by BOCHK Asset Management and Hang Seng Investment Management were approved for distribution to mainland domestic investors via the Mutual Recognition of Funds (MRF) scheme, according to the China Securities Regulatory Commission (CSRC).
Eastspring names new SG CEO, makes exec changes
Eastspring Investments has named Ooi Boon Peng as its new CEO for Singapore, replacing Phil Stockwell, who was previously both Singapore CEO and chief operating officer, according to a statement from the firm.
In case you missed it (04 May 2018)
UBS becomes first foreign player to apply for 51% JV ownership in China; Z-Ben says not a single Chinese fund manager is willing to sell a 51% stake; Credit Suisse poaches Julius Baer veteran; UTI AM launches an India multi-asset fund in Singapore; HSBC launches two lower carbon funds in Hong Kong; HKMA alleged to launch a crypto investment product; and more…
Hang Seng’s mainland JV eyes QDII scheme
The asset management joint venture of Hang Seng Bank intends to apply for quota under the qualified domestic institutional investor (QDII) programme, according to Rosita Lee, director of Hang Seng Investment Management and Hang Seng Qianhai Fund Management Company (HSQH).
Chinese AMs see net outflows in Q1
Largest mutual fund managers in China saw net outflows from their active funds in the first quarter of 2018, as investors continued to favour putting money into money market and short-term bond funds, data from Morningstar shows.
UBS Wealth strengthens Greater China team
UBS Wealth Management has bolstered its Greater China coverage with three new appointments that will cover Chinese ultra high net worth (UHNW) investors.
UBS AM, Invesco launch onshore funds in China
UBS AM’s and Invesco’s wholly foreign-owned enterprises (WFOEs) are the latest to launch onshore funds in China, targeting the country’s domestic high net worth individuals and institutional investors.
Quaero bets on Japan industry consolidation
Japanese domestic industry sectors will undergo consolidation, which will allow industry leaders to gain market share, argues portfolio manager Rupert Kimber.
