The Hong Kong fund industry witnessed a slump in net sales in 2013 over the previous year, according to Hong Kong Investment Funds Association, which attributed the decline to bond funds which saw net annual outflows for the first time since 2007.
The Asia Securities Industry and Financial Markets Association (ASIFMA) has launched an asset management group to advocate the views and interests of Asian asset managers at local, regional and global levels.
Singapore’s life insurance industry saw total weighted new business premiums last year jump by more than a quarter, or 28%, over 2012’s total, which itself was a record.
The Thai regulator has paved the way for cross-border ASEAN collective investment schemes to be sold to retail investors later this year, with the publication of a set of draft regulations.
The majority of asset managers in Hong Kong are optimistic about the outlook for equity markets and many continue to hold a negative view of bonds, according to a recent survey.
The capital market regulator of Thailand has emphasised on commercial banks the role they can play in financial planning by increasing the competency standards of its investment consultants so that they can help in promoting asset allocation awareness among investors.
The Monetary Authority of Singapore and the Singapore Exchange have drawn up plans to strengthen the securities market after shares in three companies unexpectedly plummeted on the same day last year.
After five years‚ the asset manager has decided to close its China Growth Fund.
Hermes Fund Managers has appointed Jakob Nilsson as director of business development for Asia.
Aviva and Navigator Investment Services have selected Calastone, the global fund transaction network, for its order routing services.
The Hong Kong government has initiated a consultation process that can resolve the problems faced by the non-viable financial institutions effectively without disturbing the financial system.
Launching two new funds focusing on Japanese equity‚ BNY Mellon is confident in investment opportunities in Japan’s market.
