Asia
HEAD-TO-HEAD: BlackRock Asian Dragon vs Investec Asian Equity
China’s central bank announced a cut in its benchmark interest rate on 10 May, the third reduction since last November, in attempt to combat an economic slowdown and relieve deflationary pressures.
Desmond Ng to lead Allianz Global’s Asia business
Desmond Ng has been named as the next head of Asia-Pacific, replacing Douglas Eu who is taking charge of the firm’s US operations.
Manulife Singapore launches new investment-linked plan
Manulife Singapore has launched a regular premium investment-linked plan designed to help clients grow their wealth by investing 100% of the premium right from the beginning.
Australia’s ASIC to ramp up jail terms for financial crimes
The head of Australia’s main financial services regulator Greg Medcraft has called for more white collar criminals to be jailed and said he has built up a $40 million fund to prosecute people suspected of financial misconduct.
Argos to partner with Lloyd George in new EM fund
Swiss-based Argos Investment Management is to link up with a new asset management company headed by emerging markets veteran Robert Lloyd George to launch a long only, UCITS fund focused on emerging market high growth sectors.