UK-based Prestige Funds has attracted several foreign institutional mandates, including one from Asia, for its direct lending strategy in the past 12 months, according to the firm.
A `hard Brexit’ is the base case scenario for BOS and it will likely result in decline of both the pound and UK equities.
As the British government struggles to trigger an exit from the European Union, fund distribution heads at some of the biggest names in the industry share their thoughts on the implications for their UK and European operations.
The Bank of England’s monetary policy committee has cut interest rates to 0.25%, and committed to a new term funding scheme to “reinforce the pass-through” of the decision into the broader market.
In a swift reversal from first half last year, China and UK equities are bottom performers and gold and LatAm have sprung to the top.
Fund Selector Asia compares two European equity funds – the Fidelity European Larger Companies Fund and the JPM Europe Dynamic Fund.
Even the top five performing UK equity funds in Asia have lower performance and higher volatility than last year as the Brexit vote nears.
Singapore’s MAS and the UK’s FCA have agreed to cooperate to promote cross-border financial technology development.
The executive director of enforcement at Hong Kong’s Securities and Futures Commission is quitting and will work for the UK Financial Conduct Authority.
The research firm gave China a “D” because of high fees, particularly for allocation and money market funds. China’s limitations on overseas investing and restrictions on foreign-domiciled funds were also factors, as well as a relative lack of disclosure. “China was one of a minority of markets where the disclosure of conflicts of interest by advisors […]