Investment scams growing rapidly in Australia
The number of investment scams detected in Australia doubled in 2015 and overtook dating and romance scams as the category with the largest financial losses reported by Australians.
The number of investment scams detected in Australia doubled in 2015 and overtook dating and romance scams as the category with the largest financial losses reported by Australians.
The Indian government is set to impose a capital gains tax (CGT) on investments coming from Mauritius in bid to tackle tax evasion.
Singapore’s monetary authority and the UK’s Financial Conduct Authority have agreed to cooperate to promote cross-border financial technology development.
Downward pressure on the renminbi and A-share volatility are prompting China’s investors to diversify their assets, said David Leung, head of wealth management at Standard Chartered Bank in China.
Nikko Asset Management will launch an exchange traded fund that tracks Japanese companies investing in physical and human capital.
Legal & General Investment Management (LGIM) and Nikko Asset Management announced on Wednesday the signing of a business cooperation agreement that will expand LGIM’s presence in Japan’s fixed income market and further Nikko’s aims in Europe.
The US-based partnership of independent wealth management firms, Focus Financial Partners, has expanded its international network to Australia by signing up the Melbourne-headquartered MW Lomax Group.
ETFs could get a boost when they are allowed to be traded through the stock connect programmes, according to James Martielli, Vanguard’s head of portfolio review for Asia.
Positive developments such as evidence of an underlying improvement in industrial production and exports in Asia are luring investors back into emerging markets, said Pictet Asset Management’s chief strategist Luca Paolini.
In an east-west asset management partnership, SLI and Shenzhen-based Bosera International launched the Emerging Opportunities Bond Fund in Hong Kong on Monday.
A former agent of pan-Asian life insurance company AIA pleaded guilty for the second time on Thursday to defrauding an elderly couple of more than $5m (£3.4m, €4.4m) after withdrawing her earlier plea.
Around $39bn fled funds in Asia during the first quarter of this year, and one asset class took an enormous hit, according to data from Strategic Insight.