Manulife launches MPF renminbi bond fund
Manulife Asset Management Hong Kong will introduce a new fund to its mandatory provident fund account platform from 16 December.
Manulife Asset Management Hong Kong will introduce a new fund to its mandatory provident fund account platform from 16 December.
The Singapore Exchange and Thomson Reuters have launched a suite of Singapore dollar bond indices.
BNP Paribas Investment Partners has appointed TF Cheng in a newly created role of head of sales, Asia Pacific.
Standard Chartered Bank is facing an investigation by the police and regulators in Singapore, after the February 2013 account statements of some 647 its private bank clients were stolen.
BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.
Seoul-based Mirae Asset Global Investments Group is planning to become one of the first Asian asset management companies to set up a distribution team focused on selling into the Middle East.
Vanguard has appointed Jeffrey Johnson as head of its Asia Pacific investment strategy and research team.
Macquarie Investment Management, part of Macquarie Funds Group, has completed the acquisition of ING Investment Management Korea from ING Group.
Assets in Hong Kong's Mandatory Provident Fund have more than doubled since 2008, accounting for about 63.5% of retirement investable assets despite the lack of clarity over fund expense ratios, according to Cerulli Associates.
Equity funds were popular in Hong Kong during the third quarter notching up net inflows of US$1.8bn, while bonds funds suffered net outflows of US$2.7bn, according to the Hong Kong Investment Funds Association.
Cerulli Associates forecasts investable assets of Asia ex-Japan institutions to hit US$17trn (£10.55trn) by 2017, representing a compound annual growth rate of 10%, led by the Southeast Asian region.
Absolute Asia Asset Management is looking to replace chief executive and CIO Bill Sung after he announced plans to leave the company at the end of this year.