Japan and Australia have announced regulatory initiatives aimed to bring them closer to full implementation of the Asia Region Funds Passport (ARFP) scheme in 2018.
Tag: Australia
APAC’s largest managers hit $6.9trn AUM
Asset managers in Asia-Pacific have reached $6.9 trn of AUM in 2016, up 1.3% from the previous year, according to a study by Willis Towers Watson.
Natixis pushes into Aussie market with IML purchase
Natixis Global Asset Management will acquire a majority stake in Australia’s Investors Mutual Limited (IML), which will enable the firm to take advantage of the domestic retail market and the $1.78trn superannuation industry.
In case you missed it – Markets and Funds News Updates
Value Partners names Yu Xiaobao as head of China business; UBP’s operating expenses increase due to Coutts Asia integration; Blackrock’s ETF assets breach $1.5trn mark; Cerulli expects global mutual fund assets to hit $100trn by 2020; Singapore’s fintech association rolls out a comprehensive fintech directory; BofAML sees global fund firms allocate more to Japanese equities; Australia launches its first stewardship code for fund firms; and more…
In case you missed it – Funds and Asset Management Updates
Aviva Investors names Charles Wong as head of Asia wholesale distribution; Pinebridge poaches APAC marketing exec from SSgA; a fintech association launches in Hong Kong; fintech agreements in Singapore and Malaysia; CSOP’s China ETF sees huge inflows following MSCI’s China inclusion announcement; and more…
Long view is key to infrastructure investing
Big infrastructure spending announcements aren’t necessarily on the radar of infra fund managers, said Warryn Robertson, portfolio manager of the Lazard Global Listed Infrastructure Fund.
ETF Securities targets Australia following Hong Kong exit
UK-based ETF Securities has said it will focus on expanding its presence in Australia following the asset manager’s exit from Hong Kong earlier this year.
HSBC opens private banking operations in Australia
By opening a private banking office in Sydney, HSBC intends to service Australian high net worth individuals and family offices with investable assets over A$10m ($7.5m).
Singapore and Australia ink cross-border fintech pact
Regulators in both countries aim to help smooth the path for local fintech firms.
Complexity of Asia hinders fund passport schemes
Varying tax and regulatory issues across the region could disrupt the Asia Region Funds Passport initiative, according to Mostapha Tahiri, CEO and head of asset and fund services for Asia at BNP Paribas Securities Services.