Sales of life products in Singapore grow by 15%

Sales of life products in Singapore grow by 15%...

Singapore’s life insurance industry continued to grow in the fourth quarter of last year driven by rising sales in annual premium products, latest figures show.

Published : 14, Feb 2017
HSBC GAM launches Asian high income product

HSBC GAM launches Asian high income product

HSBC GAM has launched a new product called the Asia High Income Bond Fund, which is said to have a balanced approach between the firm’s existing Asian bond and high yield strategy.

Published : 14, Feb 2017
HK regulator continues crackdown with ex-HSBC adviser ban

HK regulator continues crackdown with ex-HSBC...Lock icon

Hong Kong’s Securities and Futures Commission (SFC) has reprimanded, banned or taken action against 13 companies and individuals since the start of 2017, most recently banning a former HSBC adviser from re-entering the financial services sector for life.

Published : 14, Feb 2017
Guaranteed funds ordered to change their names in China

Guaranteed funds ordered to change their names...

The 151 guaranteed funds sold in China, will henceforth be called “risk-hedging strategy funds” to reflect their potential risks, according to the new guidelines released by the China Securities Regulatory Commission.

Published : 13, Feb 2017
ETF Securities targets Australia following Hong Kong exit

ETF Securities targets Australia following Hong...Lock icon

UK-based ETF Securities has said it will focus on expanding its presence in Australia following the asset manager’s exit from Hong Kong earlier this year.

Published : 10, Feb 2017
Former Westpac banker jailed for property Ponzi scam

Former Westpac banker jailed for property Ponzi...

A former Westpac banker in Australia has been sent to jail for three years for encouraging elderly and vulnerable customers to borrow over A$2.5m (£1.5m, $1.9m) to invest in a Tasmanian property development, which turned out to be a Ponzi scheme.

Published : 9, Feb 2017
China's asset management industry tops $7.5trn

China's asset management industry tops $7.5trn...

Assets under management across mainland China rose by 36% to 51.8trn renmimbi ($7.53trn, £6.0trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).

Published : 9, Feb 2017
Japanese funds to watch based on their AUM

Japanese funds to watch based on their AUMLock icon

Seeking returns from some of Japan's undervalued big companies, replicating indices, and using a benchmark-agnostic approach are some of the favoured strategies of Japanese funds with substantial assets under management.

Published : 8, Feb 2017
China gives the green light to first online-only life insurer

China gives the green light to first online-only...

Hetai Life Insurance has received approval from China’s insurance regulator to start operating as the country’s first-ever online life insurer.

Published : 8, Feb 2017
Newcomer Japanese funds to watch

Newcomer Japanese funds to watchLock icon

Investors in the Japanese stock market benefited from currency fluctuations in 2016 and the outlook for 2017 appears favourable, too.

Published : 7, Feb 2017
Japanese funds to watch based on their three-year performance

Japanese funds to watch based on their three-year...Lock icon

Small-caps, a buying-and-holding approach, and unrestricted use of equities are some of the fund strategies to watch in Japan, according to Morningstar investment research analyst Lena Tsymbaluk.

Published : 7, Feb 2017
Lion Global launches `disruptive' tech fund

Lion Global launches `disruptive' tech fund

Singapore’s Lion Global Investors has launched a retail fund that invests in disruptive industries.

Published : 7, Feb 2017
 Vontobel launches joint venture with Bank of Singapore

Vontobel launches joint venture with Bank of Singapore...

High net worth clients with the Bank of Singapore can now open an account with Zurich-headquartered with Vontobel following a joint venture between the two private banks.

Published : 7, Feb 2017
Passive investments set to overtake actives by 2024, says Moody's

Passive investments set to overtake actives by...

Assets held in passive investments will represent more than 50% of the US market in four to seven years' time, with the growth rate in Asia expected to increase, according to a Moody's report.

Published : 6, Feb 2017
Swiss regulator fines Coutts $6.6m for role in 1MDB scandal

Swiss regulator fines Coutts $6.6m for role in...Lock icon

Switzerland's financial regulator has fined Coutts & Co, which counts the Queen among its clients, for violating money-laundering rules and illegally profiting from transactions associated with 1Malaysia Development Bhd (1MDB).

Published : 3, Feb 2017
Singapore’s already delayed commission cap still not in place

Singapore’s already delayed commission cap still...Lock icon

Singapore’s 55% cap on commission payments “has still not been practically implemented” despite being due to come into force in January 2017, an industry source told International Adviser.

Published : 2, Feb 2017
Old Mutual International appoints Singapore chief executive

Old Mutual International appoints Singapore chief...

Old Mutual International (OMI) has promoted Ian Kloss to chief executive of Singapore, replacing Steve Hickman who has decided to pursue opportunities outside the group.

Published : 2, Feb 2017
ETF Securities drops Hong Kong asset management licence

ETF Securities drops Hong Kong asset management...Lock icon

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...Lock icon

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

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