Manulife (International) has launched a pension scheme for workers in Macau.
Category: News
PwC for revamping Singapore fund framework
Singapore should consider revamping the way its investment fund laws are structured‚ to permit different asset management industry sectors to offer more variety and thus cater to a brader range of clients‚ a new PwC white paper says.
Standard Life Investments sets up new office in HK
Standard Life Investments has set up a new office in Hong Kong as part of its on-going Asian expansion plan and in order to make the region its Asia Pacific hub.
Managers highly receptive to new fund framework
Asset managers in Singapore are highly receptive to plans for a new investment fund framework, with about 90% preferring an open-ended investment company structure, according to a PwC survey.
HK FSDC calls for flexible fund structures
The Financial Services Development Council of Hong Kong has published proposals to broaden the fund structures permitted in the territory, including open-ended investment companies, in a bid to attract more funds to domicile locally.
Investable assets of Asia ex-Japan institutions to hit US$17trn
Cerulli Associates forecasts investable assets of Asia ex-Japan institutions to hit US$17trn (£10.55trn) by 2017‚ representing a compound annual growth rate of 10%‚ led by the Southeast Asian region.
Nordea AM establishes Singapore sales team
Nordea Asset management has established its first distribution team in Singapore.
VAM funds to enter Hong Kong next year
VAM Funds has Hong Kong next in its sights, with the aim of entering this key Asian market during the course of next year.
HK equity funds in vogue but bond funds hit
Equity funds were popular in Hong Kong during the third quarter notching up net inflows of US$1.8bn‚ while bonds funds suffered net outflows of US$2.7bn‚ according to the Hong Kong Investment Funds Association.
Providers face six month cut-off for SFC applications
From 1 January next year providers seeking regulatory approval to launch new products, including ILAS, in Hong Kong will have only six months to complete the application process before data has to be re-submitted and they lose their application fee.