Singapore, Australia, Korea, New Zealand, the Philippines and Thailand have begun a joint consultation on the rules and regulations for operating the Asia Region Funds Passport (ARFP), a framework which will look similar to recent UCITS legislation in Europe.
Malaysia’s RHB Asset Management has launched an Islamic balanced fund that will invest in Shariah-compliant equities and fixed income securities in the Asia Pacific region.
Asset managers should not focus on fund performance as the only parameter to feature into a fund selector’s buy list as investment philosophy and investment process are also ranked high by gatekeepers in Asia, revealed a Cerulli report.
Australian fund house AMP Capital has launched a Luxembourg-domiciled UCITS platform with two new funds catering to UK and European institutional investors.
Asian investors are the most aggressive investors globally, according to a recent report, which also found them bullish on stock markets for the coming year.
BlackRock has poached Schroder Investment Managements Man-Yeon Choi as country head for Korea.
Nikko Asset Management has appointed Schroder Investment Management (Singapore)s Al Clark to a newly created role of global head of multi-asset as part of the fund houses strategy to bolster its product line up using multi-asset strategies.
Fund managers are exploring various investment strategies in both equities and fixed income space to boost return and insulate portfolio from market volatility amid rising interest rate and moderate economic growth scenario.
Even as growing numbers of multi-national asset managers are moving to set up shop in Malaysia, as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
BlackRock has appointed Goldman Sachs Helen Zhu as managing director and head of China equities.
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