Asia
Australia’s CommBank arms combine to launch Portfolio Service
Two units of Australia’s largest bank have teamed up to launch an online portal aimed at financial advisers servicing high net worth clients.
Expensive funds don’t earn their fees
In a quick comparison of the most and least expensive mutual funds, our sister publication, Fund Selector Asia, has found that on average those with high fees in Hong Kong and Singapore tend to underperform more often than those with low fees.
Hong Kong and Dubai market watchdogs partner on fintech
Hong Kong and Dubai-based securities watchdogs have penned a cooperation agreement on fintech innovation.
Asia’s wealthy reveal doubts about financial advisers
High net worth individuals in Hong Kong and Singapore are much more aware of the human-related risks associated with wealth advisers compared to their global counterparts, according to a survey conducted by Factset and Scorpio Partnership.
Taiwan warns taxpayers to declare overseas income
Taiwan’s Ministry of Finance has called on taxpayers receiving overseas income to declare it voluntarily in order to avoid facing fines of up to three times the tax evaded.