News
Aberdeen agrees to sale of ex-Credit Suisse funds
For a cash consideration of approximately $37 million, Aberdeen Asset Management PLC has agreed the sale of the management contracts for two OEIC fund umbrellas containing ten open-end funds to Premier Asset Management Group Limited. As at 8 July 2009, these former Credit Suisse funds have total assets of some $1.4 billion.
Aberdeen agrees to sale of ex-Credit Suisse funds
For a cash consideration of approximately $37 million, Aberdeen Asset Management PLC has agreed the sale of the management contracts for two OEIC fund umbrellas containing ten open-end funds to Premier Asset Management Group Limited. As at 8 July 2009, these former Credit Suisse funds have total assets of some $1.4 billion.
Nomura to invest in Indian mutual fund company
Nomura Asset Management has agreed to purchase a 35 percent stake in LIC Mutual Fund Asset Management Company, a subsidiary of LIC.
Public Bank and ING launch Asian Jewels Plan
Public Bank and ING Insurance launched a plan designed for investing in selected Asian markets and benefit from its potential recovery.
Nomura starts cash equities business in Malaysia
The Securities Commission has granted Nomura Securities Malaysia Sdn Bhd a special scheme stock broking license. It signaled the establishment of Nomura’s cash equities business in Malaysia.
Robinsons Land ups retail bond issue
Due to substantial demand, Robinsons Land will increase its peso-denominated retail bond issue to P5 billion or US$103.68 million.
Société Générale launches GCM platform in APAC
Société Générale Corporate & Investment Banking is extending Global Capital Markets (GCM) to the Asia Pacific region with the launch of a GCM platform.
Public Bank combines 2 award-winning funds in 1
Public Bank is offering balanced and diversified investment portfolio comprising bonds and equities with its PB Templeton Asian Focus.
BEA China first foreign bank to issue RMB bond in HK
BEA China launched the RMB Retail Bonds in Hong Kong, becoming the first foreign banking subsidiary on the mainland to do so.
Nomura to acquire NikkoCiti
The Nomura Trust and Banking Co., Ltd. will acquire all of the shares of NikkoCiti Trust and Banking Corporation.
Siam Commercial Bank to offer govt savings bonds
SCB takes part in the government's economic action plan by offering government savings bonds on 13 to 17 July and 20 to 21 July.
HSBC China launches Renminbi bond in Hong Kong
HSBC China launched the two-year first floating rate Renminbi bond with a total issue size of RMB 1 billion in the Hong Kong Special Administrative Region.
Hong Leong Takaful sells $6.8M of investment plan
Hong Leong Tokio Marine Takaful sold approximately US$6.868 million with its Global Infrastructure & Income Plan.
HSBC Jinstrust raises $426M with large cap equity
HSBC Jintrust's Large Cap Equity Fund raised US$426 million during the initial public offering period in mainland China from 18 May to 19 June 2009.
HSBC: Investments still draw interest among SMEs
HSBC's survey revealed that almost one in three small businesses in Hong Kong have investments, and nearly 40 percent say they plan to invest in the future.
BEA forges collaboration with Criteria and “la Caixa”
BEA has concluded a series of business cooperation agreements with Criteria CaixaCorp and Caja de Ahorros y Pensiones de Barcelona.
HSBC: More managers bullish on China equities
Seventy-five percent of managers polled in HSBC’s second quarter Fund Managers Survey are holding a positive view towards Greater China equities.
JF China New Generation Fund launched by JPMAM
J.P. Morgan Asset Management (JPMAM) has launched the JF China New Generation Fund, JF’s second open-ended fund investing in China’s A-share markets.
