Asia
Capital Group to launch US bond fund in Asia
Despite expectations of rising US interest rates, Capital Group intends to launch a bond strategy in Asia that targets investment grade US corporates.
St James’s Places launches int’l investment plan in Hong Kong
St James’s Place has launch the international investment plan (IIP), an investment-linked assurance scheme (ILAS), in Hong Kong.
Ex-Goldman Sachs banker banned in 1MDB scandal
Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.
Japan leads the region in passive equity investing
As passive investing continues to gain ground world-wide, Japan remains the heavyweight investor in Asia.
Asian fund industry growth leads the world in 2016
Asia’s fund industry recorded the highest growth in terms of assets under management globally last year, according to a Morningstar report.