Posts tagged as Asia
How robo-advice could reshape fund management in APAC
19 Apr 2017
Robo-advice is gaining stature as independent robo-advice firms grow and traditional fund management firms expand their offering. A growing number of wealth managers – who traditionally focused on very high income earners – are developing robo-advice tools with much reduced AuM thresholds. Data from BI Intelligence predicted robo-advisors would control around $8 trillion in investor assets by 2020, and that $2.4 trillion of robo-adviser AuM will come from APAC.
Opportunity in chaos: Asset managers turn to fintech as marketplace evolves
12 Jan 2017
A long process of disruption and adjustment as developments ranging from the technological (e.g. the Chinese invention of gun powder) and the social (e.g. the Protestant reformation in Europe) to the economic (i.e. the rise of the Asian tiger economies in the 1980s and 90s) have forced a fundamental reimagining of ways of thinking, acting and doing business throughout global history.
Lessons learned point to healthy prospects for MRF
07 Sep 2016
The Jul. 1, 2015, launch of the Mainland-Hong Kong Mutual Recognition of Funds (MRF) scheme was hailed as a milestone for the asset management industry. A year on, and it is plain to see that the MRF has not delivered the promised benefits – at least not yet.
The “Secret Sauce” to Success in China under the Mutual Recognition of Funds Program
17 Jul 2016
China’s growth may be slowing, but the investment opportunities presented by the world’s second-largest economy continue to expand. This was abundantly clear at a breakfast briefing Calastone held in June to discuss the opportunities associated with the Mutual Recognition of Fund (MRF) program, which celebrated its first anniversary on 1 July 2016.
Asia Region Funds Passport – a simple yet significant start
30 Jun 2016
It’s been nearly five years since APEC finance ministers announced their support for the creation of a pilot Asia Region Funds Passport structure, and the forthcoming launch of the Asia Funds Passport should provide a launching pad for Australian fund managers who would like to distribute relatively simple retail products across the region.
MRF opportunities still to be realised
06 Jun 2016
Foreign fund managers have been increasingly eyeing China’s asset management industry, amid rapid growth of wealth and liberalisation of the capital markets. Specifically, China’s capital markets and funds industry have undergone major changes over the last two years. Assets in domestic public mutual funds have grown 10-fold in 10 years and now control US$1.2 trillion.
The changing face of distribution in China
04 May 2016
The liberalisation of China continues to rumble on. The Mutual Recognition of Funds (MRF) initiative, which permits Hong Kong domiciled fund managers to sell their products to mainland Chinese retail investors, and conversely Chinese managers to distribute into Hong Kong, has gained traction. The rules permit Hong Kong managers to sell into China without having to go through the hassle of entering into an equity partnership with a mainland financial institution.
Sebastien Chaker interviews Z-Ben Advisors’ Jasmine Baker on the rapidly changing Chinese funds market
12 Apr 2016
Asia-Pacific: An Evolving Region
09 Mar 2016
The opportunities for fund managers in Asia-Pacific (APAC) should not be underestimated. The region accounts for one third of the global economy, while its middle class continues to grow. APAC’s burgeoning high net worth population (HWNI) is likely to edge past North America imminently, according to data from the World Wealth Report 2015 published by Capgemini and RBC Wealth Management. Cash-heavy institutional investors including pension plans, insurance companies and corporates are looking to invest their capital in this low interest rate environment, and fund managers could provide an excellent channel for this. But what are the regional drivers and changes that will further abet capital raising opportunities for fund managers in APAC?
Managing the Momentum
08 Jan 2016
Funds Global talks to Sebastien Chaker about Calastone’s plans for the Asia funds market amid the gathering momentum of automation.
Full Speed Ahead: The Dramatic Growth of Funds Automation in Asia
22 Sep 2015
Fund automation in Asia has grown tremendously over the past few years. Whilst 2012 estimates showed that over 80% of fund orders were processed manually, today over 50 of the largest fund distributors in Hong Kong, Singapore and Taiwan have implemented a solution to automate their investment fund transactions, of which 30 have selected the Calastone funds messaging network.
MRF update: A single connection for fund distribution in China
22 Sep 2015
Recent volatility on the Chinese stock market has probably come as a relief to those operational departments that had been expected to support the new Hong Kong China Mutual Recognition of Funds (MRF). The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (HKSFC) launched the scheme at the beginning of July, yet the regulators’ attention has now been diverted away from approval of MRF funds in order to find ways to stabilise and reassure the market instead.
Fund distribution in China: Are you ready for MRF?
29 Jun 2015
Five weeks. Chinese and Hong Kong fund managers, custodians and distributors have not been given much time when it comes to setting up operational process flows from and into their respective countries. The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (HKSFC) announced the launch date for the Mutual Recognition of Funds (MRF) as 1st July 2015.
Ground Control: Intraday liquidity meets Calastone’s Net Payments Hub
05 Jun 2015
This week, Schroders announced their adoption of our Net Payment Hub providing them with earlier known payment position and timely payment on settlement, in association with Barclays. As has been well articulated in a recent Cap Gemini paper, “Many banks dealing with large value payments cater to most of the liquidity requirements in the long run; however, intraday is an area which has not been focussed upon by many banks till date.” Basel III rules also require that capital held by banks must be of a higher quality, meaning that access to capital is much more expensive than it used to be.
Momentum of a pipe dream: the operational challenges of Asian fund passports
03 Jun 2015
With rules and operational arrangements currently being developed in earnest, the dawn of the Asian funds passport seems fast upon us. Headlines in the FT have progressed from the rather negative “Regional mutual fund passport a ‘pipe dream’” in 2011, to the more positive “Asian fund passports gain momentum” in February 2015. But will an Asian funds passport really prove useful for fund managers? Industry experts, such as Lawrence Au, head of the Asia Pacific at BNP Paribas Securities Services, think it will result in change in Asia, but only if investment companies customise their funds to suit Asian markets. Ernst & Young, one of the ‘Big Four’ accounting firms, has erred on the side of caution, advising: “Any firm with regional aspirations in Asia should at least consider its potential response to the proposals.”