Malaysia’s CIMB-Principal Asset Management launches the country’s first China-focused multi-asset fund.
Tag: Malaysia
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…
Malaysia to develop “more vibrant” ETF market
Malaysian regulators have noted the benefits of ETFs and given recommendations aimed at incentivising new issuance, according to a statement from the regulator.
China awards RQFII quota to Malaysian firm
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.
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.
