Retail Funds

Hektar REIT gets approval to increase fund size

Hektar Asset Management has obtained the Securities Commission's approval for its proposal to increase its fund size. Read ››

PhillipCapital Malaysia sees shareholders’ funds growing

Stronger sales will push its shareholders’ funds from RM1.1 billion at the start of 2012 to RM1.5 billion to date, says PhillipCapital Malaysia. Read ››

Armstrong fund to invest US$150M in SEA clean energy

Armstrong Asset Management is set to launch its first fund, the Armstrong South East Asia Clean Energy Fund. Read ››

CIPEF raises $3B in emerging markets fund

Capital International Private Equity Funds has concluded raising $3 billion. Read ››

Indian mutual fund industry set for expansion: Schroders CEO

The CEO of Schroders Investment Management is bullish on the mid- to long-term prospects of Indian mutual fund industry. Read ››

Bank of India acquires 51% of Bharti Axa MF

Bank of India has completed the formalities for has acquiring 51 percent stake in Bharti Axa Mutual Fund. Read ››

Islamic alternative investments firm to sue Reserve Bank of India

Alternative Investments and Credits is planning to move court against the Reserve Bank of India after it has been stripped of its licence to carry out non-banking finance activities. Read ››

HSBC Mutual not looking to sell stake or exit India

Rumors that HSBC will sell stake or exit its asset management business in India were denied the the CEO of HSBC Mutual Fund, Puneet Chaddha. Read ››

UK's Schroders acquires 25% in India's Axis MF

UK-based asset management company Schroders has picked up a 25% stake in Axis Mutual Fund for an undisclosed amount. Read ››

Pacific Mutual announces income distribution for 11 funds

Pacific Mutual  announced an income distribution of RM28.83 million for 11 of its funds for the financial years/interim periods ended March 31, 2012. Read ››

Taiwan's Eastspring Fund targets Indonesian, Korean bonds

Eastspring Securities Investment Trust is boosting its holdings of bonds in Indonesia and South Korea. Read ››

Axis Mutual launches income fund

Axis Mutual Fund has launched a new open ended debt scheme called Axis Income Fund. Read ››

Malaysia launches settlement platform with Hong Kong and Euroclear Bank

Bank Negara Malaysia will utilize a pilot platform for cross-border investment and settlement of debt securities. Read ››

Hedge fund start-ups increasing in Asia-Pacific

High profile investment professionals are launching new new hedge funds in Asia-Pac. Read ››

Sumco to raise $186M from from bank-led fund -source

Sumco is in final talks with a turnaround fund backed by Japan's major banks to raise 15 billion yen or $186 million by issuing preferred shares. Read ››

China injects $30B on wealth fund for Euro spree

China’s US$410-billion sovereign wealth fund received a US$30 billion injection from the government last year. Read ››

Deutsche Mutual makes changes under DWS Premier Bond Fund

Deutsche Mutual Fund made changes under DWS Premier Bond Fund, with effect from 1st March 2012. Read ››

Bank of India back in mutual fund business

Bank of India hopes to start its asset management business next fiscal and is currently waiting for regulatory approvals. Read ››

India to regain investor interest in equity mutual funds in 2012: ICRA

The year 2012 could see the return of interest in equity funds in India as markets respond positively to policy actions, says ICRA Online. Read ››

AmIslamic offers bond fund for risk-averse investors

AmIslamic Funds Management now offers an Islamic bond fund that provides capital appreciation over the short-to-medium term. Read ››

Goldman Sachs acquires 4.8% stake in Mongolian bank

Goldman Sachs purchased a 4.8 per cent stake in Mongolia’s Trade and Development Bank for less than $50 milion. Read ››

UTI Mutual Fund merges schemes

UTI Mutual Fund has announced merger of S&P CNX Nifty UTI Notional Depository Receipt and UTI-Master Index Fund with UTI-Nifty Index Fund. Read ››

Indian mutual fund assets up 8% to $133.7B

The assets of Indian mutual fund industry increased to US$ 133.7 billion or Rs 6.59 trillion in January. Read ››

Bank Of Ningbo to issue bonds worth 8B Yuan

Eight billion yuan worth of financial bonds with maturities of up to 10 years will be issued by the Bank of Ningbo. Read ››

Philippine govt to launch retail treasury bonds

The Philippine government will launch retail treasury bonds on February 21 to 28. Read ››

Philippines to launch retail treasury bonds on February 21

The Philippine will launch its retail treasury bonds on February 21. Read ››

Canara Robeco revises exit load structure under its scheme

Canara Robeco Mutual Fund has announced to revise exit load structure under Canara Robeco Short Term Fund, an open ended debt scheme. Read ››

Religare changes minimum application amount for 2 schemes

Religare Mutual Fund changed the minimum application amount for Religare Active Income Fund - Plan B and Religare Short Term Plan - Plan B. Read ››

IDFC Mutual Fund introduces periodic dividend option

IDFC Mutual Fund has introduced periodic dividend option under IDFC Money Manager Fund -Investment Plan - Plan B, with effect. Read ››

OSK's online trading to lure Japanese investors to Asean

OSK Investment Bank Bhd entered into a strategic alliance ith SBI Holdings Inc, a Japanese Internet-based financial conglomerate. Read ››

CIMB-Principal pays out $14.4M for 12 funds

CIMB-Principal paid out a total of US$14.4 million in distributions for 12 of its 54 trust funds. Read ››

CIMB-Principal internationalizes Malaysian Islamic asset management

The Central Bank of Ireland has approved the establishment of CIMB-Principal Islamic Asset Management (Ireland) Public Limited. Read ››

Gadiyar appointed Quantum Mutual Fund head

Mr. Rajendra Gadiyar will take charge as the Head of Operations of Quantum Mutual Fund AMC. Read ››

Indiabulls Mutual Fund changes dividend frequency under scheme

Indiabulls Mutual Fund has introduced daily dividend reinvestment facility for Indiabulls Ultra Short Term Fund. Read ››

Edelweiss Mutual Fund revises fund management responsibility

Edelweiss Mutual Fund has announced change in the fund management responsibility. Read ››

Tata Mutual Fund announces change in key personnel

Tata Mutual Fund announced changes in key personnel, with effect from 21st January 2012. Read ››

Union KBC launches Dynamic Bond Fund

Union KBC Mutual Fund launched a new fund namely, Union KBC Dynamic Bond Fund, an open ended debt scheme. Read ››

Pakistani mutual funds up 15%

Public money under management of Mutual Funds rose 15 per cent to Rs287 billion in July to December, 2011. Read ››

Equity funds to top mutual funds in Indonesia: analysts

Equity funds are expected to gain 12 to 15 percent in 2012, versus an 0.8-percent loss  last year. Read ››

Reliance MF eyes more unique plans for investors

Reliance Capital Asset Management Ltd is looking to generate more business from gold savings plans and its recently launched Reliance Any Time Money Card. Read ››