UBS Asset Management and Japan-based Asset Management One were among the firms that were granted onshore investment quotas in February, according to records from China’s State Administration for Foreign Exchange (SAFE).
Category: News
SJP Asia results show recovery from loss
The firm’s Asia operation reported an annual increase in gross inflows and funds under management, reversing a £13.2m ($18.2m) loss in 2016.
Feeder funds remain preferred entry into SEA
Partnering with domestic fund managers to launch feeder funds remains the best strategy for foreign asset managers looking at the Thailand and Malaysian markets, according to analysts from Boston-headquartered Cerulli Associates.
Who’s in Singapore’s fund doghouse?
In the universe of products registered for sale in Singapore, Aberdeen and GAM have the most funds in the doghouse while Polar Capital, Old Mutual and UBS were among the top dogs.
Fosun buys stake in Brazilian wealth manager
China’s Fosun conglomerate adds wealth management to its operations after announcing it would acquire a Brazilian wealth manager for $52m.
Mirae Asset to establish JV in Vietnam
Korea’s Mirae Asset Global Investments is forming a joint venture with Vietnam’s State Capital Investment Corporation (SCIC), according to local reports.
Korea’s Mirae focuses on niche ETF business
Niche products, broad distribution networks and close collaboration between offices are the key to competing against giants of the ETF industry, according to Taeyong Lee, CEO of Mirae Asset Global ETF Holdings.
HSBC GAM bullish on China’s F&B industry
China’s middle class continues to expand in number and in income, creating investment opportunities in the food and beverage industry as well as casinos, according to Mandy Chan, head of China and Hong Kong equities at HSBC Global Asset Management.
Regulators aim to revive passporting scheme
The Securities Commission Malaysia, the Monetary Authority of Singapore and the Securities and Exchange Commission of Thailand have signed a memorandum of understanding to relax rules in the Asean Collective Investment Scheme (CIS).
Blending tech into investment
FSA asked Principal Global Investors, CSOP, Natixis and Farringdon to summarise the new ways in which they are using technology such as AI and big data in the investment process.
