Singapore Archives - Page 15 of 50

CSOP opens Singapore office

The China asset manager plans to use the city-state financial hub to grow its business in Southeast Asia.

After its retail fund push in Singapore, the firm has registered two products for retail sale in Hong Kong.

The trust company will help wealth administration and succession planning for JP Morgan Private Bank’s clients in Asia.

Products that provide regular income streams to investors have become popular in the Lion City this year.

Traditional product assets declined but alternatives continued to increase in 2018, according to the Monetary Authority of Singapore.

Amundi subsidiary CPR Asset Management intends to launch a series of thematic funds to Singapore’s retail investors.

Other managers that have launched FMPs in the Lion City this year include Aviva Investors, Credit Suisse, Legg Mason and Schroders.

Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.

The UK-based firm is the latest to join the growing number of asset managers that have launched thematic products in Asia.

In Hong Kong and Singapore, income funds of various types had some of the highest net flows during the first half.