Eastspring Investments has agreed to buy a majority stake in Thanachart Fund Management (TFUND).

Eastspring Investments has agreed to buy a majority stake in Thanachart Fund Management (TFUND).
Eastspring Investment’s CIO Virginie Maisonneuve exits in the firm’s latest shake-up.
Eastspring hopes to tap into Asian investors’ strong demand for fixed maturity products.
Ongoing protests and the trade dispute have hit the local market, but diversified Hong Kong equity funds remain resilient, shored up by mainland allocations.
It will be the second purchase of a Thai asset manager within a year by the Singapore-based firm.
The firm aims to develop mutual funds managed by Eastspring for sale to domestic investors, following a similar set-up by competitor Manulife.
The Singapore-based asset manager is the latest firm to issue a fixed maturity product for risk-averse, income-hungry retail investors.
A buoyant domestic economy should support US equities, while incremental yield can be earned with Asia high yield bonds and selective carry currencies.
Eastspring Investments chief executive officer Guy Strapp will leave the Singapore-based firm along with chief financial officer Ted Pull and chief operating officer Phil Stockwell.
FSA compares two pan-European equity funds: the Eastspring Investments Pan European Fund and the MFS Meridian European Research Fund.
Part of the Mark Allen Group.