The AUM of India’s fund industry in 2014 rose by 27% year-on-year to $166.7bn, the strongest growth since 2008. Mutual funds are seeing rising interest from investors beyond the top 15 cities and equity funds are playing a bigger role in second-tier cities, according to local reports. Over the next few years, online channels such […]
Tag: China
China’s fund industry faces talent shortage
China’s ecommerce firms are moving into financial services, putting competitive pressure on fund management companies (FMCs). The research firm cited as examples Alibaba affiliate Ant Financial’s reported plan to acquire a stake in Tebon Fund Management and Tencent establishing WeBank, China’s first online bank, last year. “The only viable online opportunity FMCs can access for […]
Further easing on cards even after China cuts banks’ RRR
The People’s Bank of China (PBoC) on Sunday lowered the RRR for banks by 100 basis points to 18.5% as it seeks to add more liquidity to the economy, help boost bank lending and combat a growth slowdown. “The major reason for the RRR cut is the net forex outflows from China,” Grace Tam, global […]
Asian markets appeal to Singaporean investors: Franklin Templeton
Even as China’s economy is slowing, 49% of the investors said the country offers the best investment opportunities followed by ASEAN countries (26%) and India (17%). The optimism comes from better economic growth prospects relative to other global economies, rising population and consumption, along with reform initiatives in some countries like India, China and Indonesia. […]
EIP unveils ETF tracking US-listed China companies
The XIE Shares FTSE Chimerica ETF (Chimerica) was listed on the Hong Kong Stock Exchange today and tracks the FTSE China N Shares All Cap Capped Net Tax Index. Apart from the new ETF, the firm has plans to launch three additional ETFs during 2015, Tobias Bland, chief executive at EIP told Fund Selector Asia. “There are […]
BlackRock lists China A-share ETF
The iShares MSCI China A UCITS ETF was listed on 13 April. It gives both institutional and retail investors access to China’s A-share equity market. The fund will invest in large and mid-cap companies and track the MSCI China A International Index. Despite the more accommodating nature of the A-shares market seen in the past […]
HFT nabs Deutsche Asset’s Patrick Liu for CEO role
Liu is based in Shanghai and succeeds Tian Ren Can, who left the firm in late February, a company spokesman said. HFT Investment Management is a joint venture between BNP Paribas Investment Partners and Haitong Securities. According to the firm, in April 2003, it became one of the first joint venture fund management companies to […]
BlackRock lists China A share ETF
BlackRock is seeking to capitalise on the reforms in the Chinese market with the listing of its China A-share exchange-traded fund on the London Stock Exchange.
HKEx sets up mainland unit
Preparing for further integration with China’s markets, Hong Kong Exchanges and Clearing has established a mainland division and made two appointments to head the unit.
EM largest source of global revenue
Global companies derived the highest amount of revenue (30%) from emerging markets at the end of last year, said Shaw Wagener, portfolio manager and chairman of Capital Group International.
