Asia
Hong Kong fund sales plunge by 15%
Sales of collective investment schemes in Hong Kong dropped by 15% from HK$65bn ($8.4bn, €7.9bn, £6.65bn) to HK$55bn during the period April 2015-March 2016, according to the SFC’s yearly survey.
RL360° gains Malaysia licence, opens office
RL360° has opened a new branch office in Kuala Lumpur, Malaysia, after it was granted a license by the Labuan Financial Services Authority (LFSA).
deVere Group ventures into New Zealand
deVere Group is to open its first office in New Zealand in January 2017, a year after launching its second office in Australia.
Asset managers prefer Japanese over US equities
Despite all the talk about the US equity Trump-boost in recent weeks, Japanese equities are actually a lot more popular with asset managers. Their consensus is that they will return more than 5% in 2017.
Hong Kong regulator ramps up disciplinary action
Disciplinary action taken by Hong Kong’s Securities and Futures Commission (SFC) kicked up a gear during 1H16, rising 66.7% from last year.