Difficulties in getting fund sales approvals and lack of demand from investors make Asia’s fund managers reluctant to join the Asean Collective Investment Scheme (CIS), according to Andrew Gordon, managing director for Asia at RBC Investor and Treasury Services.
Morningstar Asia downgrades a Franklin Templeton fund, places Allianz and Goldman Sachs products under review and initiates coverage for MFS and Mirae Asset funds.
HSBC GIF Asia ex Japan Equity Smaller Companies Fund will be closed to new subscriptions from 10 May, according to a statement from the fund sponsor.
The world’s largest green bond fund dedicated to emerging markets will be developed by Amundi and the International Finance Corporation.
Vietnam’s Vietcombank Fund Management’s (VCBF) two open-ended funds returned more than 15% for the full year 2016, beating the Vietnamese stock market.
Singapore Exchange (SGX) has approved the listing of One Stoxx Asean Select Dividend ETF under Asean Collective Investment Scheme (CIS) framework, according to a statement from the exchange.
Hong Kong-headquartered real estate private equity firm Gaw Capital Partners has raised $1.3bn in the final closing of its fifth Greater China and Asia-Pacific real estate fund.
Mirae Asset Global Investments (HK) has launched a Luxembourg-domiciled Asia-Pacific multi-asset income fund targeted to institutional investors and high-net-worth individuals.