Hong Kong pilots scheme to streamline fund approval process
Hong Kong’s financial regulator is looking to speed up the application process for distributing funds across the region by piloting a new initiative.
Hong Kong’s financial regulator is looking to speed up the application process for distributing funds across the region by piloting a new initiative.
Investment manager Matthews Asia has expanded its Luxembourg-domiciled UCITS fund range with the launch of a new Asian fixed income fund.
Zurich Life Insurance (Singapore) has agreed to hand over all of its approximately 160 appointed financial advisers in the city state to Nexus Financial Services, part of the Middle East-based Nexus Group, in response to changes in the regulatory landscape.
With global equities return forecasts reasonable at best, a dearth of exciting ideas may leave investors looking for contrarian plays.
August saw record monthly outflows from emerging markets with Asia, the origin of last month’s global market correction, particularly hard hit.
In recent weeks, industry players have said that growth prospects in emerging regions remain strong, with investment opportunities springing up in countries such as Malaysia, Indonesia and even frontier Vietnam.
The Monetary Authority of Singapore said it backed out of a fund passport initiative because the legislation failed to address inequalities in the tax treatment of local and foreign investors.
Wealthy Singapore investors will be able to choose their own level of regulatory protection when new rules come into force next year.
China has been under scrutiny over the past few weeks, and it seems industry sources have a growing concern over the government’s economic reform efforts.
Malaysia’s Maybank is aiming for a soft launch of its discretionary portfolio management service in Singapore by the end of this year, Ang Mui Koon, senior director of discretionary services, confirmed in an interview with sister website Fund Selector Asia.
The Asia-Pacific was the fastest growing region in 2014 for high-net-worth individuals, those with $1m investable assets.
Standard Chartered and Manulife have embarked on a 15-year distribution partnership to exclusively offer Manulife’s Mandatory Provident Fund (MPF) product to Standard Chartered customers in Hong Kong.