Asia
India takes big step forward on reforms, says Mirae
The passage of the Goods and Services Tax bill in India last week will simplify a complex tax code, boost consumer spending and enhance productivity – giving equities a tailwind, according to Mirae Asset Global Investments.
OMGI eyes China distribution, puts plans in place
Old Mutual Global Investors has begun implementing a strategy to build distribution relationships across mainland China, according to the firm’s managing director Warren Tonkinson.
Sun Life Financial to buy FWD Hong Kong’s pension business
The Hong Kong arm of Canada’s Sun Life Financial is to acquire the pension business of FWD Group and enter into an exclusive 15-year distribution agreement that will allow Sun Life HK to distribute its pension products through FWD’s agency force in Hong Kong.
ETF robo adviser to launch in Hong Kong
Hong Kong-licensed online broker 8 Securities plans to launch a second generation ETF robo-adviser in the current quarter with lower fees to attract cost-sensitive investors.
No Brexit shockwaves in China markets, HSBC GAM says
Brexit has not had an impact on China’s markets, and valuations are historically cheap, according HSBC Global Asset Management.