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.
Category: News
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.
Macquarie buys ING Investment Management Korea
Macquarie Investment Management‚ part of Macquarie Funds Group‚ has completed the acquisition of ING Investment Management Korea from ING Group.
BNY Mellon separately managed account busi Singapore
BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.
City Financial names Kay to head Asia
City Financial Investment‚ a London-based independent investment manager‚ has named Philip Kay to head up its Asia operations.
SGX Thomson Reuters unveil SGD bond indices
The Singapore Exchange and Thomson Reuters have launched a suite of Singapore dollar bond indices.
Citibank in pact with Cimb principal in Malaysia
Citibank (M) Berhad has entered into an agreement with CIMB-Principal Asset Management Malaysia‚ becoming the first foreign bank in the country to distribute private retirement scheme solutions.
Standard Life sets up Asia advisory board
Standard Life has established an Asia advisory board to provide guidance and advice on its strategy to grow across the region.
Singapore’s Javelin acquires fund manager
Javelin Wealth Management, a Singapore advisory firm founded nine years ago by expat Briton Stephen Davies, is to acquire the fund management business of Binjai Hill Asset Management (BHAM), a local asset manager, as it looks to increase its service offering.
Manulife holdings completes Maakl mutual buy
Manulife Holdings Berhad‚ a part of Canada-based Manulife Financial has completed the acquisition of MAAKL Mutual Bhd following the receipt of regulatory approval.
