Foreign investors took their money out of EM assets at the fastest pace since the 2013 Taper Tantrum in November, according to the Institute of International Finance (IIF).
Category: News
MAS bans star dealmaker, fines SCB, Coutts over 1MDB
The Monetary Authority of Singapore has slapped a ban on an ex-Goldman Sachs banker while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.
The FSA Spy market buzz – 02 December 2016
Promotion at EFG; Mestis Capital expands; Vontobel AM goes wholesale; Quaero Capital comes to Asia; Schroders reminds; Opec cuts; Hang Seng’s bargain and much more.
HK’s bond fund sales outpace equities
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
MS IM on the promised infrastructure boost
Details on the Trump pledge to spend up to $1trn on infrastructure are sketchy, but renewable energy, surprisingly, may benefit, said infrastructure portfolio manager Matthew King at Morgan Stanley Investment Management.
Another step toward HK-China bond connect
Hong Kong’s Financial Services Development Council has developed a proposal for the Hong Kong-China Bond Connect, which aims to allow retail investors cross-border access to bonds.
Sharp slowdown in MRF sales, imbalance increases
The huge sales gap between north- and southbound funds being sold through the Mutual Recognition of Funds continues to expand.
Eight firms granted new RQFII, QFII quotas in November
Aberdeen, Eastpring and Thailand’s Kasikorn Asset Management are among the firms granted investment quotas in November.
UBS AM: Indices to include China bonds in 2017
Chinese government bonds could be included in the global benchmark indices next year, according to Hayden Briscoe, Asia-Pacific head of fixed income at UBS Asset Management.
HK fee transparency plan could hit alts
The proposal to enhance fee disclosures should not have a big impact on banks and fund houses, but may impact the small intermediaries, according to industry players.
