Asia
Hong Kong regulator pushes for fee transparency
Fund distributors in Hong Kong will have to disclose any monetary benefits they receive prior to, or at the point, of sale, under new proposals from the Securities and Futures Commission (SFC).
Fiscal policy could drive Asian equities in 2017 – BlackRock’s Swan
A transition from monetary to fiscal policy, progress on reforms in the region and low valuations make Asian equities attractive in 2017, said Andrew Swan, head of Asian equities at Blackrock in Hong Kong.
Australia unveils standards bill on degree-qualified advisers
Australia has introduced a new professional standards legislation that will require financial advisers to be degree-qualified.
Bank of Singapore to open financial advice unit in Dubai
A subsidiary of one of Singapore’s largest banks, OCBC Bank, has confirmed it will offer financial advice to wealthy individuals in the Middle East when it opens a new office in Dubai next year.
Mirae launches first-sharia compliant fund
Mirae Asset Global Investments has launched a sharia-compliant version of its flagship Mirae Asia Sector Leader Equity fund.