Australian investment manager launches active ETF
The fund will look to give retail investors access to the firm’s strategies through an open-ended ASX-listed investment
Asia
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PEOPLE MOVES: Quilter, Purple AM, UBS WM, Barclays Wealth
New CFO at Quilter, Fry Group hires asset manager CEO, and UBS Wealth appoints China duo
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TigerShares launches first exchange-traded fund
Fund will track Nasdaq index representing performance of internet-related firms in China and US
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Chubb Life launches critical illness policy in Hong Kong
Cover offers premium waiver benefit for major illness of policyholder’s spouse or child
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Asian asset manager launches first mutual fund
GaoTeng Global fund will invest at least 70% of portfolio in debt securities in Asia-Pacific region
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Australian financial group launches adviser hub
The centre is open to all advisers and licensees regardless of whether they have a relationship with the firm
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Former financial adviser given two and half year sentence
Australian-based adviser pleaded guilty to five counts of dishonestly using his position as director
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Hong Kong to set new broker caps on the number of insurers
Aim is to limit the number of insurers that can be represented by a licenced agent or agency
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CBA to sell global asset management business
Australian bank also hires CEO and CFO for its wealth management and mortgage broking operation
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Goldman Sachs AM to open seven Hong Kong funds
Firm enters HK retail market with fundamental, quantitative equities and fixed income offerings
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Asia region funds passport finally set to launch
Passport will combine the fund markets of five Asia-Pacific countries to bolster cross-border vehicles
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58 million Indians living without a pension
Only a quarter of the 80 million people who are eligible claim just over £2 a month