10/21/2020
Invesco winds down fund
Invesco is winding down a listed property fund for wholesale investors as it fails to achieve scale.
Alternative Investments
10/21/2020
China’s Ping An raises US$875 million for global private equity funds
The Ping An Global Equity Selection Fund is a fund of funds invested in a portfolio of buyout managers in North America and Europe, while the Ping An Global Equity Fund is set up to capture co-investment opportunities via the unit’s network.
10/21/2020
Hong Kong’s Value Partners’ assets plunge on fund redemptions
Value Partners’ operating profit tumbled 30% year-on-year to HK$114.7 million ($14.7 million) in the first half of 2020 because of increased market volatility, the company said in its interim results on August 13.
10/21/2020
OnePath takes over group insurance mandate
It's been widely reported recently that Shaun Smith, a former AFL player, won a $1.4 million payout from his insurer MLC as a result of suffering a serious concussion during his career.
10/20/2020
Dealer group competition to attract advice practices heats up
As dealer groups compete to attract planning firms to their bands, publicly-listed Centrepoint Alliance has urged them to look at long-term viability rather than reacting to short-term incentives.
10/20/2020
Bond products lead HK fund flows recovery
Fund sales have risen in Hong Kong since record outflows in March, according to the Hong Kong Investment Funds Association (HKIFA).
10/20/2020
AMP NZWM moves to passive structure
“The change in investment approach responds to broader and long-term trends in expectations from clients, regulators and governments for KiwiSaver schemes,”
10/20/2020
Four Philippine insurers face closure for failure to meet capital requirements, report says
“The Insurance Commission had ordered them to comply in the coming days,” Mr. Funa is quoted as saying in the October 17 report.
10/20/2020
China’s ChiNext listings buoyed by easing of rules, Xinhua says
Under the new rules, listings now only require the stock exchange’s approval instead of also having to be cleared by the CSRC, which can significantly shorten the time taken for companies to go public.
10/19/2020
Singapore-based financial firm offers flexible loans to MSMEs
He said MSMEs in Cebu can now avail themselves of customized loan options to survive and even expand during these uncertain Covid-19 times.
10/19/2020
Thailand fund industry draws 7.8 billion baht net inflow in third quarter, Morningstar says
Inflows into equities funds were largely driven by funds that invest outside of Thailand, with Chinese stock funds drawing 27.8 billion baht and global stock funds, 26.1 billion baht.
10/19/2020
Korea’s Samsung Asset Management lists Hong Kong’s first REIT ETF
The underlying index comprises 30 REITs listed in developed market across Asia, including Singapore, Hong Kong, Australia and Japan, with around US$71.9 billion total market capitalisation.
10/19/2020
SPACs are the hot new thing for private equity
Other leading private equity names associated with the boom for blank-cheque acquisition vehicles include TPG Capital, Thomas H. Lee Partners and Riverstone.
10/19/2020
Shenzhen Bourse Apologizes for Trading Glitch
Due to the lack of trading confirmation, some had made multiple orders due to concerns that none were received while others claimed that they were unable to sell shares in a timely manner.
10/19/2020
Japan's September export decline slows as shipments recover
That still meant the pace of contraction in exports eased following six months of double-digit declines, including a 14.8 per cent drop in the previous month.
10/19/2020
Commentary: Gold may have lost some of its shine but don’t write it off just yet
Although the price of gold has come down from an all-time high of more than US$2,000 in August, it has the potential to rise, says The Smart Investor CEO David Kuo.
10/19/2020
Resimac turns up with the heat with interest rate cuts of up to 30 basis points
“The latest industry figures show strong activity in the home loans space. Borrowers are keen to take advantage of low interest rates and they’re hungry for great home loan deals.
10/19/2020
BT terminates two funds
The spokesperson added that the funds have delivered above benchmark performance after fees since inception.
10/19/2020
DE Shaw to open Singapore office
Elsewhere, the firm has also been growing its business in China.
10/16/2020
Indonesia fund assets lose nearly 6% in January-September as pandemic hits stocks
Bond funds dropped 1.1% to 120.66 trillion rupiah over the nine-month period, but gained 6.07% between July and September.