StanChart named trustee of first Islamic ASEAN passporting fund
Standard Chartered has been named as trustee of the first Shariah-compliant fund to be used on the ASEAN passporting scheme.
Malaysia
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Ever increasing circles: RL360° in expansive mood
As the RL360° Group moves to complete its purchase of Clerical Medical International, David Kneeshaw, chief executive, makes no secret of his plans to pursue acquisitions to support growth and build scale in a recent interview with International Adviser.
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Malaysian IFAs should switch to fee for service – experts
Financial advisers in Malaysia should not wait for regulators to replace commissions with fees for service, but follow the global trend favouring such arrangements, according to panellists at s recent Expert Investment Forum in Kuala Lumpur.
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Malaysian GST looms over KL market
Malaysia is stepping up its regulation of financial advisers in line with changes sweeping many major markets worldwide, however it is the imminent arrival of a new goods and services tax (GST) that is likely to have the most immediate impact, according to industry experts.
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Tapping local distribution a challenge under
The ASEAN collective investment scheme framework will take time to gain traction as the real challenge lies in penetrating the local distribution networks, according to research firm Cerulli Associates.
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Leading Malaysian banks to form 190bn
Malaysias CIMB Group and two fellow lenders are allegedly about to join to form the countrys biggest banking group.
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RHB AM unveils preIPO and special situation feeder
Malaysias RHB Asset Management has unveiled a feeder fund investing in private equity and special situations investments available in the local market and in Singapore.
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AmInvest offers two feeders into Allianz funds
Malaysia’s AmInvest has unveiled mixed asset and equity growth feeder funds that offer investors access to funds offered by Allianz Global Investors.
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cimb principal to buy Finansa am in Thailand
CIMB-Principal Asset Management has entered into a deal to acquire Thailands Finansa Asset Management.
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RHB Asset Management floats maiden Islamic
RHB Asset Management has unveiled a Shariah-compliant actively managed Islamic balanced fund in Hong Kong, the first in the country.
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Hong Kong looks to boost Islamic finance
Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors.
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RHB Asset Management offers global
RHB Asset Management has launched a close-ended Shariah-compliant fund that invests into global Islamic fixed income instruments.