Korea’s Mirae Asset Global Investments is forming a joint venture with Vietnam’s State Capital Investment Corporation (SCIC), according to local reports.
Pinebridge poaches SSGA’s EMEA CEO; UOB AM launches digital advisory service; Mirae Asset to launch alternative fund in India; Vietcombank/Templeton funds see AUM double; SSGA creates head of Korea role; India- and China-focused hedge funds are strongest performers; and more…
Asia’s ETF inflows set a record high during the first seven months and Korea- and China-listed ETFs gathered the most assets, according to data from ETFGI.
Barings has appointed Ike Bae as its new Korea CEO. He replaced Thae Khwarg, who retired in December last year after more than 20 years with the firm.
The government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.
Hong Kong, Singapore and Korea retail investors are most influenced by fund fees in their investment decisions, but Taiwan is different, according to a BNY study.
In Korea, Andrew Hwang joined the firm as a director of strategic solutions. Hwang was poached from Janus Capital, where he was responsible for non-Japan Asia business development. Prior to that, he had also worked with BNY Mellon Asset Management for product development and strategy in the region. In Taiwan, Berry Hsieh came over from […]
The research firm gave China a “D” because of high fees, particularly for allocation and money market funds. China’s limitations on overseas investing and restrictions on foreign-domiciled funds were also factors, as well as a relative lack of disclosure. “China was one of a minority of markets where the disclosure of conflicts of interest by advisors […]
“We trimmed exposure to India and Korea as we were concerned after the run-up [in markets]. We had different instances when target prices on stocks were reached,” said Csellak in an interview with Fund Selector Asia. Volatile Korea Korea with a 20.7% weighting and India (17%) were still the top country allocations of the Manulife Asian […]
About 50% of Korea’s GDP is dependent on exports, which have been declining this year, according to Aidan Yao, senior emerging market economist at Axa Investment Managers. Weak external demand from the US is one reason why exports are falling. Also, Korean companies are strong competitors with their Japanese counterparts and the strengthening of the […]