China’s bid to have the renminbi included in the IMF’s Special Drawing Rights basket now has support from the head of the IMF and the US Treasury Secretary.
Category: News
Eastspring poaches four to boost equities team
Eastspring Investments has bolstered its equity investment team in Asia with four appointments.
Thailand plans fund rule revision
Thailand has proposed revising the rules to ensure only accredited investors – such as high net worth individuals – with matching risk profiles are eligible to invest in high risk mutual funds.
Morningstar fund reviews and re-ratings – October
Management reshufflings have impacted analyst ratings of BlackRock and Henderson products and a Schroders fund gets an upgrade, according to the research firm’s monthly review of funds available in Asia.
Russia’s RDIF gets $500m top-up
The Kuwait Investment Authority has doubled its investment with the state-run RDIF for investment in Russia.
Stewart Investors to change Asia fund managers
Stewart Investors has announced a shake-up of the management of its open-ended unit trust range, with Angus Tulloch and Jonathan Asante handing over managerial responsibility on a number of their funds on 1 July 2016.
Report: Barclays wants to sell Asian WM unit
The UK-based bank is exploring the sale of the Asia unit amid declining revenue for its global wealth management business, according to reports.
Nasdaq aims for more Asia ETFs
Following on its China ETF launches earlier this year, the firm hopes to bring Nasdaq 100 ETFs to Taiwan and Hong Kong, said Rob Hughes, head of index and adviser solutions at Nasdaq Global Indices.
Aviva launches two multi-strategy products
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
CCB now considered `too big to fail’
The mainland’s China Construction Bank has been added to the list of “global systemically important banks”.
