Regulatory and tax squabbles and the desire to deepen domestic fund industries are among the high hurdles for passporting programmes, according to Daniel Caleghin, head of wealth management strategy for Asia-Pacific at Deloitte subsidiary Casey Quirk.
BSI Bank has increased its fund offerings with two recent additions, said Wendy Lim, a fund advisor for BSI Bank in Singapore.
Active with immediate effect, the Matthews Asia Credit Opportunities Fund will seek a diverse range of income-generating openings across the Asian continent.
RWC Partners has broadened its emerging markets offering into the UCITS space with the unveiling of a long-only equities vehicle.
A rush of applications are expected after the Central Bank of Ireland’s clarification of rules governing how Irish-domiciled funds can utilise the Shanghai-Hong Kong Stock Connect, according to industry group Irish Funds.
“It is also pointless for UCITS managers to get excited about the imminent mutual recognition of funds (MRF) scheme between China and Hong Kong, as funds sold under this scheme have to be locally domiciled,” added Rachel Poh, senior analyst. The report is an about-face for Cerulli, which in the past said that the threat to […]
The mainland regulator posted an FAQ notice on its website stating that “investors are legally entitled to the rights and benefits of shares acquired through the northbound trading link. “Accordingly, the CSRC Stock Connect Rules have expressly stipulated that, in northbound trading, overseas investors shall hold SSE [Shanghai Stock Exchange] securities through HKSCC and are entitled to […]
The firm is largely unknown to retail investors outside its UK base, but client servicing, sales and marketing have expanded in Asia, and plans are underway for regionally-focused funds, said CEO Maarten Slendebroek.
Slated to officially launch on Thursday, 7 May, the three funds made in Hong Kong are the Baring European Equity Income fund, the Baring Greater China Equity fund and the the Baring Global Multi Asset Income fund. The European income fund, based on an existing Baring fund sold in Japan, was launched locally because of the […]
Little could the creators of UCITS have known that, nearly 30 years on, there would have been tremors in Asia that would threaten the growth of this £6trn behemoth, writes David Stevenson, head of business development, Baring Asset Management.
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