Singapore, Australia, Korea, New Zealand, the Philippines and Thailand have begun a joint consultation on the rules and regulations for operating the Asia Region Funds Passport (ARFP), a framework which will look similar to recent UCITS legislation in Europe.
Old Mutual Global Investors has beefed up its Hong Kong based Asian distribution team and has further plans to further boost the sales team during the year.
Neuberger Berman has expanded its fund range in Asia, making 11 funds available to the retail market in Hong Kong and a further three available in Singapore.
BlackRock Asset Management North Asia, a subsidiary of BlackRock, has received its first renminbi Qualified Foreign Institutional Investor (RQFII) license from the China Securities Regulatory Commission.
Manulife Asset Management has appointed Endre Pederson as senior managing director of its Singapore based Asian fixed income team, as it makes the country the hub for its ASEAN operations.
The financial regulators of Hong Kong and China are working on a deal which will allow investors in both countries to participate in each other’s stock markets.
Malaysia’s RHB Asset Management has launched an Islamic balanced fund that will invest in Shariah-compliant equities and fixed income securities in the Asia Pacific region.
HFT Investment Management is planning to launch a renminbi money market fund into Hong Kong later this month.
JP Morgan Asset Management has introduced a share class hedged to the renminbi for the JPMorgan Multi Income Fund.
In a major reshuffle of top management portfolios, BlackRock has announced that it has appointed Ryan Stork as head of its Asia Pacific operations effective from 1 June.
Part of the Mark Allen Group.
