Asia
Lack of product range innovation stymies Islamic funds
Even as growing numbers of multinational asset managers move to set up shop in Malaysia as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
dbs to buy socgens private banking unit in Asia
DBS Bank has agreed to acquire the Asian private banking business of
Société Générale in Singapore and Hong Kong, a move that will boost the assets of Singapore’s biggest bank by 20%.
singapore virtual currency regulation
The Monetary Authority of Singapore will now regulate virtual currency intermediaries in Singapore to address money laundering and terrorist funding risks.
emerging markets again on managers radar
Fund managers are exploring various investment strategies in both equities and fixed income space to boost return and insulate portfolio from market volatility amid rising interest rate and moderate economic growth scenario.
mng investments receives hk license
M&G Investments, a subsidiary of UK’s Prudential, has received a license from Hong Kong’s capital market regulator to expand its marketing activities to professional investors.