E Fund Management also supplants Tianhong Asset Management as the country’s largest asset manager, according to a study from Fitch Ratings.
Tag: Mutual Funds
The FSA Spy market buzz –26 August 2022
Blue Owl hires, Perpetual wants to merge, Texas goes badass on ESG managers, The Hong Kong Exodus rolls on, Uranium jumps; Active vs Active, Side hustles and much more.
CSRC bans unlicensed platforms from recommending funds
China Securities Regulatory Commission has tightened its grip on the nation’s mutual fund market.
Thailand’s SEC enhances liquidity risk control of mutual funds
Thailand’s regulator has issued liquidity risk management criteria and liquidity management tools for mutual funds to protect investors.
Fidelity approved to set up China mutual fund unit
The US asset manager is the second firm allowed to access the country’s retail investor market.
HK investors seek more diversified products
Investors in the SAR are becoming more sophisticated, but local brokerages are struggling to catch up, according to a Broadridge Financial report.
China’s fund AUM rises 20% despite negative GDP growth
Other markets in Asia shed fund assets this year, but China’s retail mutual fund industry recorded net inflows, according to Amac data.
Study: too many hidden costs in Asia funds
Fund investors in Hong Kong and Singapore benefit from zero tax, but suffer from embedded costs, according to a Morningstar report.
PFM holders take aim at China’s retail investors
Foreign asset managers with private fund management (PFM) licences are planning to convert their licences to sell mutual funds to domestic retail investors.
China approves more investment advisory licences
The regulator has approved five asset managers for onshore investment advisory services, continuing the shift from product sales-orientation to service-orientation.
