News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
Category: News
How fund-linked structured products work
Structured products promise to protect the principal of an investment, but yield is sacrificed for return, Societe Generale’s Edward Lee explains.
HK regulator to require fee disclosure
Hong Kong’s Securities and Futures Commission will now require fund managers to disclose the ongoing charges figure (OCF) on their funds’ key facts statements (KFS), according to a circular from the regulator.
Aberdeen and Standard Life talk possible merger
Following the Henderson/Janus merger, Aberdeen Asset Management and Standard Life are in discussions on a possible union.
The FSA Spy market buzz – 03 March 2017
UBS loses, so does Credit Suisse; FPI boss returns; change at Franklin Templeton; T Rowe Price is hiring; Jobs are tight in Japan; Fed Up book review; Munger’s wisdom and much more.
Do investors receive value for their fund fees?
Some of the most expensive funds available to Hong Kong investors deliver less than stellar returns.
Chinese outbound RE investment slows
Despite capital controls, Chinese investors still contributed 47%, or $28.2bn, of Asian outbound real estate investment in 2016, according to CBRE.
New CBRC chief to `safeguard’ $4.4trn in WM products
Guo Shuqing, the newly-appointed chairman of the China Banking Regulatory Commission (CBRC), has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn ($4.4trn) held in Chinese banks’ wealth management products.
JPM to expand MRF sales coverage in China
JP Morgan AM lifted the subscription cap of its Asian bond fund selling through the mainland through the Mutual Recognition of Funds (MRF) scheme earlier this month, after northbound funds overall recorded net outflows for three months in a row.
Blackrock gets $1.6bn RQFII quota
Blackrock became the first asset manager in the US to be awarded an RQFII quota (RMB 11bn) by China’s State Administration of Foreign Exchange, according to a statement from the firm.
