CIMB-Principal Asset Management became the first fund manager in Malaysia to be awarded an RQFII quota by China’s State Administration of Foreign Exchange (SAFE), according to the regulator’s records.
Tag: Malaysia
Slump in Malaysian Islamic mutual funds
The share of AUM in Malaysian sharia-compliant mutual funds has declined from the peak of 40.7% in March 2016 to 39.4% in March 2017, according to data from Morningstar.
In case you missed it – Fund News and Updates
Schroders and Vanguard launches funds for MPF’s default strategy; China’s AUM hits $9trn; Hong Kong’s SFC increases enforcement activity; Singapore’s MAS fines a fund manager for late submissions; more fintech partnerships and more…
Farringdon gets asset management licence for Singapore
Farringdon Asset Management, part of the Malaysia-based Farringdon Group, has received a licence to operate in Singapore where it will focus on focus on providing expat clients with discretionary portfolio management services.
Malaysia, Indonesia lead in Shariah funds
The Shariah fund market remains highly challenging despite heightened interest from managers and regulators in Southeast Asia, according to Cerulli Associates.
Foreign fund assets surge in Southeast Asia
However, assets are concentrated among the larger players, according to Cerulli Associates.
New Malaysia CEO for Eastspring
Eastspring Investments in Malaysia has hired Raymond Tang as the new CEO.
Malaysian investors turn to foreign funds
The AUM of foreign-invested strategies in Malaysia was up 30.5% to $6.8bn (M$29.6bn) for the first ten months of the year, according to Morningstar data.
TPP to impact ASEAN, sources say
The Trans-Pacific Partnership (TPP), inked after five years of negotiations, could turn out to be some rare good news for ASEAN, particularly Vietnam.
Energy-indexed funds at risk from oil collapse
Energy-indexed funds could come under fresh pressure as fund houses are predicting that oil prices have more room to head south before bottoming out.
