Managers of Wealth Asia Pacific

Prudential should move Asian headquarters to Hong Kong, urges second-largest shareholder Third Point

The hedge fund holds under 5 per cent of Prudential, making it the company’s second-largest shareholder

Korean asset owners invest more abroad in hunt for bigger returns

The report found that NPS raised its allocation to global equities to 23% in 2019 from 14% in 2015, with the overall allocation to equities expected to rise to 45% from 40% in 2019.

China Taiping Insurance Singapore launches Two Financial Aid Initiatives

The first initiative, the Financial Aid Campaign for Life Insurance customers, offers Complimentary insurance coverage for existing and new Life Insurance customers.

Three ETFs axed by Morningstar

The other BlackRock ETF that Morningstar axed, IZZ, had about $97 million at January end.

Malaysia's EPF income falls, declares lowest dividend in 11 years

The country’s largest pension fund says its gross investment income declined to 50.29 billion ringgit (US$11.92 billion) last year from 50.88 billion ringgit in 2018.

Australian bourse and S&P Dow Jones launch technology index

The index was launched on February 24.

Global private market fundraising down 3.3% in 2019 led by 25% fall in Asia

Fundraising targets for 2020 are also larger than this time last year, according to Matt Portner, a partner with McKinsey.

New ETF for ASX All Tech Index

This makes it more expensive than other passive ASX sector exposures, where resources ETFs charge 35 to 40bps while financials charge 39 to 40bps.

Hong Kong annual fund flows hit record high

For asset managers’ Hong Kong marketing teams, the year was all about bond funds.

Sri Mulyani invites Saudi Arabia to invest in Indonesia’s sovereign wealth fund

Sri Mulyani claimed that the Saudi Arabian finance minister had agreed on the potential sectors that could be developed, though she declined to elaborate further.

Ayala firm listing to boost REITs

Net proceeds will be allocated for future investments in real estate properties in Metro Manila and other key regions.

Indonesia insurance industry assets rose 5.91% to 913.8 trillion rupiah in 2019

It adds that the insurance industry still has "great potential to grow and has a more significant role in the national economy," as only 12.08% of the approximately 260 million Indonesians are served by insurance products.

APS to become a ‘China House’

The firm highlights that its first and foremost priority is generating sustainable alpha for its clients, and as such APS feels that its resources require a strong focus on China, where its clients’ exposure is.

Great Eastern and Generali in the race for AXA-Affin insurer

AXA Affin Life, set up in 2006, is 51% owned by Affin and 49% owned by Axa.

US wealth management group acquires Australian firm

Deal will expand the business’ international presence

Jupiter to acquire Merian Global Investors

Buyers expect overlap in UK, European and Asian equities.

Manulife Hong Kong launches Manulife Supreme

As an advanced VHIS flexi plan that adds to the two VHIS plans launched by Manulife last year, Manulife Supreme is designed to gives customers prompt access to high-quality medical care whenever they need it.

Malaysia’s Tabung Haji sells property assets to government for 19.9 billion ringgit

Urusharta Jamaah will buy non-performing assets from the fund at the original value to ensure the continuity of the fund’s operations.

MUFG Bank to invest over $700m in Singapore's Grab

Ride-hailing unicorn will offer development skills and data for 'super app'

OneVue recoups $4.36m from Sargon

OneVue's receivers PwC have appointed Bob Neill of Seaview Consulting Pty to look for potential buyers for Madison.

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