Hong Kong’s Securities & Futures Appeals Tribunal (SFAT) has backed a decision to fine and reprimand asset manager, Pride Fund Management, for refusing to resolve a financial dispute with a client.
The six month window which the Monetary Authority of Singapore said it will give providers of investment-linked products (ILP) to standardise the way charges are presented to customers is expected to be a “challenging timescale”, Old Mutual International has said.
Hong Kong-based, CCB International Asset Management, has launched an exchange traded fund which it said is the first renminbi-dominated ETF to be listed in Paris.
Emerging markets specialist Ashmore has launched a Chinese equity fund which will invest in companies with mid to long term growth potential across the country’s onshore and offshore markets.
The Monetary Authority of Singapore has proposed that insurers standardise the way fees and charges for investment-linked policies (ILPs) are presented to make it clear to customers what they are buying.
Hong Kong-based advisory firm, the Capstone Financial Group, has unveiled its own discretionary fund management (DFM) service to help centralise client accounts and steer the business towards a fully fee-based structure.
Distributors in Asia-Pacific are likely to use exchange-traded funds and other index-tracking products as core holdings when building model portfolios, according to Cerulli Associates.
Standard Life is to close its insurance operation in Singapore and will stop accepting new business with immediate effect.
Passive funds are set to be increasingly used as core holdings for client portfolios in the Asia-Pacific region, according to a report by global analytics firm Cerulli.
The Monetary Authority of Singapore has underlined the importance of establishing cross-border cooperation with authorities around the world to help resolve issues with financial institutions with a parent company based outside of the city state.
The Singapore-based firm said it will launch an RMB Onshore Money Market Fund, an RMB Onshore Bond Fund and an RMB Onshore Equity Fund in the coming months
A UK-based online service, which aims to help high net worth individuals find wealth management firms, has been launched in Singapore.
