ETF Securities drops Hong Kong asset management licence

ETF Securities drops Hong Kong asset management...

UK-based ETF Securities has decided not to renew its asset management licence in Hong Kong, following a number of high-profile delistings in city last year.

Published : 2, Feb 2017
Ex-adviser jailed for Cambodian biofuel scam faces SFO action

Ex-adviser jailed for Cambodian biofuel scam faces...

A former financial adviser currently serving six years in a UK prison for his part in a collapsed biofuel investment scam, is facing further enforcement action by the Serious Fraud Office (SFO) after missing the deadline to pay a confiscation order.

Published : 1, Feb 2017
Australian banks to begin sharing information on 'bad advisers'

Australian banks to begin sharing information...

Australia’s major banks have announced plans to name and share information about financial advisers with a poor record of conduct to help prevent them moving around the industry.

Published : 31, Jan 2017
 SJP to launch Rowan Dartington in Asia by end of June

SJP to launch Rowan Dartington in Asia by end...

St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.

Published : 31, Jan 2017
Ex-FCA chief McDermott to join Standard Chartered

Ex-FCA chief McDermott to join Standard Chartered...

The former head of the UK’s Financial Conduct Authority (FCA), Tracey McDermott is to join Standard Chartered in the latest high-profile hire for the bank.

Published : 30, Jan 2017
Thailand eases foreign ownership rules for life companies

Thailand eases foreign ownership rules for life...

Thailand has announced it will relax foreign ownership restrictions and board limits for life insurance companies in a bid to "promote stability" in the industry.

Published : 27, Jan 2017
Aviva to sell 60% of Hong Kong life business in digital venture

Aviva to sell 60% of Hong Kong life business in...

British insurance giant Aviva has agreed to sell two thirds of its Hong Kong life business to Chinese tech firm Tencent and private equity firm Hillhouse Capital in a deal that will see the unit transform into a digital insurer.

Published : 26, Jan 2017
Value Partners fined HK$4m for regulatory breaches

Value Partners fined HK$4m for regulatory breaches...

The Hong Kong Securities and Futures Commission (SFC) has fined asset manager Value Partners and its subsidiary Value Partners Hong Kong HK$4m (£412,479, $515,644, €479,669) for breaching regulations in the management of two SFC-authorised funds.

Published : 26, Jan 2017
Asian investors stream into multi-strategy funds

Asian investors stream into multi-strategy funds...

Money poured into multi-strategy funds from Asian investors in 2016, while global bonds bled the most, according to data from Morningstar.

Published : 25, Jan 2017
China less vulnerable to US protectionism than other EMs

China less vulnerable to US protectionism than...

Despite concern about China’s vulnerability to Donald Trump’s brand of isolationism, there are good reasons to be optimistic about the country’s growth in 2017, says Ed Smith, asset allocation strategist at Rathbones.

Published : 24, Jan 2017
Best and worst equities funds in Asia in 2016

Best and worst equities funds in Asia in 2016

Brazil, Russia and commodities funds were among Asia's best performers in 2016, while China funds were among the worst.

Published : 24, Jan 2017
 HK investors prefer commission-based model, survey finds

HK investors prefer commission-based model, survey...

Investors in Hong Kong still prefer a commission-based charging structure when it comes to paying for wealth management services, while their mainland Chinese counterparts are increasingly opting for a fee-based model, according to the Hong Kong Investment Funds Association (HKIFA).

Published : 24, Jan 2017
Pictet targets robotics in latest fund launch

Pictet targets robotics in latest fund launch

Pictet has launched a robotics-themed fund, which is tied to cyclicality and capex spending and linked to a country's economic health, according to Peter Lingen, the asset manager's Geneva-based senior manager for thematic equities.

Published : 23, Jan 2017
Impax AM sees Asia environmental opportunities

Impax AM sees Asia environmental opportunities...

Impax Asset Management can see opportunities in Asia but the lack of clarity on environmental issues from the new US president means a growth outlook for environment-themed investing is difficult, said Ian Simm, Impax Asset Management’s London-based chief executive.

Published : 20, Jan 2017
US signs cross-border cooperation agreement with Hong Kong

US signs cross-border cooperation agreement with...

The US Securities and Exchange Commission (SEC) has entered into a memorandum of understanding on cross-border cooperation with the Hong Kong Securities and Futures Commission (SFC).

Published : 19, Jan 2017
Standard Chartered, Allianz ink insurance distribution deal

Standard Chartered, Allianz ink insurance distribution...

Standard Chartered Bank has announced a 15-year deal with Allianz to sell its general insurance products, including travel, personal accident, fire and motor insurance products, across the bank’s retail banking network in five key markets across Asia.

Published : 19, Jan 2017
India increases commission rates for life insurance brokers

India increases commission rates for life insurance...

Insurance brokers in India are set to receive higher commissions payments for selling life insurance policies, in proposals unveiled by the country’s regulator due to come into force in April.

Published : 18, Jan 2017
Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia property

Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia...

The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m (£10m, €7.7m) on Australian Gold Coast property, the Guardian has reported.

Published : 13, Jan 2017
Asia Pacific ETF assets lag other regions despite record year

Asia Pacific ETF assets lag other regions despite...

Asia Pacific ex-Japan ETF/ETP assets hit a record high of $135bn (£110bn, €127bn) in 2016, but still only account for 4% of the industry's global assets, according to ETFGI.

Published : 13, Jan 2017
The 2017 FSA Fund Award winners are...

The 2017 FSA Fund Award winners are...

Here are the Hong Kong winners of Fund Selector Asia's third annual fund management awards.

Published : 12, Jan 2017

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