APS Asset Management will act as an advisor for a PFM fund in the mainland.

APS Asset Management will act as an advisor for a PFM fund in the mainland.
The strategy will take short positions on poorly governed companies.
The range consists of Marlborough’s Defensive, Cautious, Balanced and Adventurous funds, which are fully managed by the firm’s multi-asset team.
Several other firms in Singapore are also expected to launch multi-asset products.
The firm is also expected to roll out two other products in the Lion City.
The recommendations aim to make financial institutions (FI) more resilient to environmental risk, increase their role in the transition to an environmentally sustainable economy, according to the Monetary Authority of Singapore (MAS).
An online alternative investment platform in Singapore has garnered at least $100m in assets since its launch last year.
Schroders, Allianz GI, Aviva Investors and Fullerton Fund Management have also launched income products in the Lion City.
Golden Equator Wealth plans to expand its client base outside of Asia.
In a move that signals optimism, the firm joins several others in readying multiple funds for sale to retail investors.
Part of the Mark Allen Group.