Asia
Pacific Sun lodges appeal with Hong Kong regulator
Andrew Mantel, the director of Pacific Sun Advisors, has lodged an appeal against his conviction for advertising a mutual fund to investors without regulatory permission in Hong Kong.
Nomura Asset Management opens in Dubai
Nomura Asset Management has opened an office in the Dubai International Financial Centre, its first in the Middle East.
Korea Taiwan no longer in running MSCI
MSCI is to remove the MSCI Korea and MSCI Taiwan indices from its review list for potential reclassification as developed markets.
Study reveals lack of understanding of Shariah
Less than half of Malaysian unit trust investors currently own Shariah funds while nearly two thirds say they are not confident about their understanding of Shariah-based investments.
Pacific Sun Advisors director convicted
Pacific Sun Advisors and its director, Andrew Mantel, have been convicted of issuing advertisements to promote a fund without the authorisation of the Hong Kong Securities and Futures Commission.