Asia
macquarie completes acquisition of ing investment
Macquarie Investment Management, part of Macquarie Funds Group, has completed the acquisition of ING Investment Management Korea from ING Group.
providers face six month cut off
From 1 January next year providers seeking regulatory approval to launch new products, including ILAS, in Hong Kong will have only six months to complete the application process before data has to be re-submitted and they lose their application fee.
hk mandatory pf accounts assets rise says cerulli
Assets in Hong Kong's Mandatory Provident Fund have more than doubled since 2008, accounting for about 63.5% of retirement investable assets despite the lack of clarity over fund expense ratios, according to Cerulli Associates.
hk equity funds fare best in q3
Equity funds were popular in Hong Kong during the third quarter notching up net inflows of US$1.8bn, while bonds funds suffered net outflows of US$2.7bn, according to the Hong Kong Investment Funds Association.
vam funds to enter hong kong market
VAM Funds has Hong Kong next in its sights, with the aim of entering this key Asian market during the course of next year.