Asia
Baillie Gifford creates sterling class for
Edinburgh-headquartered firm, Baillie Gifford, has established a sterling hedged share class for its Worldwide Japanese Fund to counteract fluctuations in the price of the yen versus sterling.
Hong Kong waives stamp duty on ETFs
Hong Kong Exchanges and Clearing will waive stamp duty on all exchange-traded funds listed in Hong Kong from 13 February to promote the development of the ETF market.
Manulife Asia merger to target $19trn
Manulife Asia has merged its wealth and asset management divisions in order to target $19trn worth of untapped cash deposits throughout the region.
RBC Wealth appoints new head
RBC Wealth Management has appointed Juan Aronna as the head of discretionary investment management in Asia.
Withers forms Singapore partnership
Withers has formed a partnership with a leading Singapore law firm as it looks to increase its revenue in Asia.