Asia
asian institutional assets to hit 17trn Cerulli
Cerulli Associates forecasts investable assets of Asia ex-Japan institutions to hit US$17trn (£10.55trn) by 2017, representing a compound annual growth rate of 10%, led by the Southeast Asian region.
FSDC calls for flexible fund structures like oeics
The Financial Services Development Council of Hong Kong has published proposals to broaden the fund structures permitted in the territory, including open-ended investment companies, in a bid to attract more funds to domicile locally.
managers favour new investment fund laws pwc
Asset managers in Singapore are highly receptive to plans for a new investment fund framework, with about 90% preferring an open-ended investment company structure, according to a PwC survey.
manulife holdings buys MAAKL Mutual
Manulife Holdings Berhad, the Malaysian arm of Canada's Manulife Financial, has agreed to acquire MAAKL Mutual, a Malaysian unit trust company, from the MAA Group Berhad and other shareholders.
fullerton to appoint mccallum portfolio manager
Fullerton Fund Management, a wholly-owned subsidiary of Singapore-based Temasek Holdings, will be appointing Bedlam Asset Management's Ian McCallum as a portfolio manager.