Collapsed Australian investment firm bosses fined over A$600m

Collapsed Australian investment firm bosses fined...

Five former executives connected to collapsed Australian finance group MFS have been ordered to pay more than A$600m (£350m, $450m, €400m) in compensation to investors by the Supreme Court in the state of Queensland.

Published : 26, May 2017
Sharp fall in premiums bite Japan’s ‘top four’ life insurers

Sharp fall in premiums bite Japan’s ‘top four’...

Japan's four largest life insurers have reported a 16% decline in combined domestic premium income in the fiscal year ending 31 March 2017.

Published : 26, May 2017
Vanguard to target retail investors in China

Vanguard to target retail investors in China

US mutual fund giant Vanguard has launched a wholly-owned operation in China to target the fast-growing retail investment market in the world’s second largest economy.

Published : 26, May 2017
Five views on Moody's downgrade of China

Five views on Moody's downgrade of China

Asset managers comment on Moody's decision to lower China's sovereign credit rating by one notch to A1 from Aa3, with stable outlook.

Published : 25, May 2017
OCBC opens Indonesia wealth unit amid tax amnesty success

OCBC opens Indonesia wealth unit amid tax amnesty...

Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia's tax amnesty.

Published : 24, May 2017
China's HNA looks to buy a stake in Value Partners

China's HNA looks to buy a stake in Value Partners...

Chinese conglomerate HNA Group is looking to buy a stake in Hong Kong fund management firm Value Partners, making it the company's fourth investment in an asset manager in the past six months.

Published : 23, May 2017
Majority of emerging markets funds in Asia underperform

Majority of emerging markets funds in Asia underperform...

More than half of emerging market equity funds available for sale in Hong Kong and Singapore underperform the MSCI Emerging Markets Index, FE data shows.

Published : 23, May 2017
China to lift curbs on foreign fund offshore investments

China to lift curbs on foreign fund offshore investments...

China is set to lift a two-year suspension on foreign funds raising money in the country to invest overseas, a sign that Beijing is loosening its grip on personal wealth leaving the country.

Published : 23, May 2017
Regulatory delays bite Philippine's fund industry

Regulatory delays bite Philippine's fund industry...

Local fund managers in the Philippines are still waiting for a series of key regulatory changes that could drive industry growth, according to Valerie Pama, Manila-based president of Sun Life Asset Management in the Philippines.

Published : 22, May 2017
Advice failures cost Australian banks $150m in fines

Advice failures cost Australian banks $150m in...

Australia’s largest banks and leading wealth manager AMP have so far paid A$60m towards a A$200m (£114,48, €133,563, $148,720) fine for charging customers for financial advice they did not receive, according to the country’s financial services regulator.

Published : 19, May 2017
Chinese robo-advisers looking at data mining to stay ahead

Chinese robo-advisers looking at data mining to...

Chinese robo-advisers are likely to use data to personalise their services, bringing clients closer to a private banking experience, according to Gregory Van Den Bergh of Chinese fintech developer Micai.

Published : 19, May 2017
Prudential Asia CEO stepping down, replacement confirmed

Prudential Asia CEO stepping down, replacement...

Tony Wilkey is to step down as chief executive of Prudential Corporation Asia. His replacement has been named as Prudential’s group chief financial officer Nic Nicandrou, who will subsequently be replaced by Deloitte UK’s Mark FitzPatrick.

Published : 18, May 2017
Will MSCI include China's A-shares? Five views

Will MSCI include China's A-shares? Five views...

Asset management professionals share their views on the MSCI's upcoming decision about whether or not to include China's A-shares in its emerging market indices with our sister publication Fund Selector Asia.

Published : 18, May 2017
Indonesia grants taxman new powers in emergency action

Indonesia grants taxman new powers in emergency...

The president of Indonesia has signed emergency regulation giving the tax authority access to account information held by financial institutions months after $333bn in assets was disclosed under the country's hugely successful amnesty programme.

Published : 17, May 2017
Best and worst funds in Asia in April 2017

Best and worst funds in Asia in April 2017

JP Morgan, Schroders, UBS, Castlestone, Kotak, SLI had funds among the best and the worst performers over the last three years. Our sister publication Fund Selector Asia (FSA) takes a look at the data on funds available in Hong Kong and Singapore.

Published : 17, May 2017
China sets up fund industry courtroom

China sets up fund industry courtroom

China has created the country's first court which will specialise in judging cases involving the fund industry in a bid to increase regulatory scrutiny of the financial services sector.

Published : 16, May 2017
India's return to favour as an investment destination

India's return to favour as an investment destination...Lock icon

Domestic reforms and global growth are opening India back up as an investor hotspot and Neptune India Fund manager Kunal Desai believes this is India’s new dawn and the recovery of its corporate earnings is just the beginning.

Published : 16, May 2017
UK and Hong Kong regulators sign fintech agreement

UK and Hong Kong regulators sign fintech agreement...

The Financial Conduct Authority has entered into a co-operation agreement with Hong Kong’s Securities and Futures Commission (SFC) to support innovation in fintech.

Published : 12, May 2017
French election results seen a plus for Asia

French election results seen a plus for Asia

The outcome of the French election has removed a key risk, revealing relatively cheap assets in Europe and Asia against a background of improved investor sentiment, industry sources told our sister publication Fund Selector Asia.

Published : 12, May 2017
The peculiarities of ESG investing in China

The peculiarities of ESG investing in China

Chinese companies account for a tiny percentage of ESG-filtered emerging market ETFs, even though China is 26.5% of the MSCI EM Index.

Published : 11, May 2017

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