Asia
sturgeon plans central asian equities fund
Hedge fund manager Sturgeon Capital plans to launch a Ucits-compliant Central Asia Equities Fund, offering investors exposure to such markets as Kazakhstan, Turkmenistan and Georgia.
axa announces ipac closures in hk singapore
Axa has announced that it plans to close its Ipac financial planning businesses in Hong Kong and Singapore in the first half of 2012, as it seeks to shift its focus in Asia back to insurance.
frustration among hk insurance brokers
Insurance brokers in Hong Kong are expressing frustration over an industry agreement that they inform clients whenever they are due a commission from the sale of insurance products, even though their main rivals in the marketplace insurance agents, which typically represent the major insurance giants do not have to.
axa sells hong kong based Ipac advisory firm
Axa Group is looking to sell those parts of its Hong Kong-based Ipac advisory company that it did not dispose of last year, as it seeks to bring to an end a nine-year affiliation with the self-described holistic lifestyle financial planner, market sources say.
india to open stock market to foreign investors
Foreign investors are to be allowed direct access to Indian equities, in a policy shift designed by the Indian government to increase the depth of the stock market and increase foreign inflows into the country.