Asia
Asia sees huge outflows from mixed asset
About $105bn flowed out of mixed asset products in Q3, and total net flows from retail investors were down by more than half, according to data from Strategic Insight.
Aviva launches two multi-strategy products
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
Hong Kong brokerage fined $4m over investment sales failures
The Asia arm of Okasan International has been fined $4m after failing to ensure investment products were suitable for clients.
Singapore reviews onus of IFA conduct over insurance sales
Singapore’s financial regulator is examining whether advisers or life companies are responsible for the training, competency and conduct of intermediaries selling insurance.
HSBC results hit by Asia market falls
HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division.