News

Nomura incurs $136M net loss for April-Dec.

Nomura incurred a group net loss of US$136 million in the April to December period partly due to a slump in business for corporate customers. Read ››

Australian covered bonds welcomed in Europe

Over $5billion of the recent issuance of covered bonds were denominated in Australian dollars, due to large transactions from Commonwealth Bank of Australia and Westpac. 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 ››

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 ››

Private equity attracted to HK

Hong Kong is attracting venture capital investment, said John Tsang, Financial Secretary of Hong Kong. Read ››

Khazanah-linked Jadwa Investment declares 15% higher dividend

Jadwa Investment, linked with Malaysian governments investment arm Khazanah Nasional Berhad, has declared 15 % higher dividend of RM1.26 a share. Read ››

AmInvestment Bank eyes RM30 B in managed assets

AmInvestment is hoping to have  RM30 billion in total assets under management by end of its financial year on March 31. Read ››

Baring likens South Korea to 80s Japan

South Korea is in a good position to boost exports to emerging and developed markets in 2012, according to Baring Asset Management. Read ››

Aberdeen Australia Equity Fund changes investment policy

The Board of the Aberdeen Australia Equity Fund, Inc. approved a change to the Fund's 80% non-fundamental policy, which will be effective March 14, 2012. Read ››

Japan's SMFG to penetrate China's mutual fund industry

Sumitomo Mitsui Financial Groupplans to acquire a minority stake in a mid-sized Chinese fund house to access China's mutual fund industry. Read ››

Citigroup Singapore sues HK-based hedge fund manager over gold

Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman for $1.03 million in trading losses. Read ››

OSK-UOB's new fund to give 5-6% returns

The OSK-UOB Emerging Markets Bond Fund has been launched, forecasted to give an annual return of at least five to six percent. Read ››

Pacific Mutual to distribute Rm19.68 M income for 3 funds

Pacific Mutual Fund will distribute ioncome worth RM19.68 million for the three of its funds with financial years ending on Dec 31, 2011. Read ››

ING Funds to distribute 3.3% income

A 3.3 per cent second annual income with be distributed to unit holders of the ING Structured Income Fund. Read ››

Public Mutual launches new Islamic fund

Public Mutual launched its new Islamic equity income fund, Public Islamic Savings Fund. Read ››

Citibank provides clients with institutional, high net worth trusts

Citibank launched its Institutional & High Net Worth Fund Platform. Read ››

Bank of India to acquire 51% stake in Bharti AXA

Bank of India will acquire a 51 percent stake in Bharti AXA Investment Managers Pvt Ltd, an asset management company to Bharti AXA Mutual Fund. Read ››

Japan's Kokusai drops Italian, Spanish, Belgian bonds

Kokusai Asset Management has removed bonds of Italy, Spain and Belgium from its $25 billion fund, Japan's top mutual fund. Read ››

BSN's Wealth Management to contribute up to 15% revenue

Bank Simpanan Nasional expects its wealth management division to contribute up to 15 per cent of the bank's revenue next year. Read ››

Reliance Mutual introduces SWP facility

Reliance Mutual Fund has introduced the SWP facility under its two schemes. Read ››

Jefferies lures 7 more UBS bankers in Asia after Wang

Jefferies Group Inc.has hired at least seven other UBS AG bankers in Hong Kong after hiring Ren Wang  to become its Asia president. Read ››

Wessex closing Asia hedge fund on asset slump

UK-based Wessex Asset Management is closing a hedge fund that invests in Asia-Pacific. Read ››

UOB stock rises on private banking plan

Shares of  United Overseas Bank rose by 2 percent with its plan to provide wealth management services to individuals with rising affluence. Read ››

Asian hedge funds giving up secrecy to win cash

Asian hedge funds are gicing up their secrecy and allowing clients more control of their investments in order to draw money from institutions. Read ››

Aladdin Capital to dispose corporate credit funds to Mitsubishi

Aladdin Capital Holdings LLC is splitting off part of its asset management business into a new company majority owned by Japanese trading firm Mitsubishi Corp. Read ››

RHB, SBI to establish clean tech fund

SBI Investment Co. will act as the Investment Management Advisor to RHB Private Equity Fund Management Ltd in establishing the Asia CleanTech Fund. Read ››

Australia's Crescent Wealth targets Malaysian investors

Crescent Wealth is targeting investments from Malaysia, which is home to the world's second-largest Islamic funds market with about US$5 billion under management. Read ››

Bank Muamalat offers dual currency investment product

Bank Muamalat  has launched the Islamic Dual Currency Investment, which will be initially offered in the Malaysian Ringgit, Euro and US Dollars to wholesale customers, reports Bernama News. Read ››

Nikko AM- DBS Bank merger to produce Asia's largest regional asset manager

Nikko AM and DBS Bank completed the agreement to merge DBS Asset Management Ltd  and Nikko AM. Read ››

DBS and Sri Lanka's NDB to cooperate more in investment banking

DBS Bank and NDB Group have signed an MoU  to collaborate in equity and fixed income issuances, syndications, project financing and mergers and acquisitions. Read ››

ICBC Registers a First-Half Investment Banking Revenue of over RMB 13 Billion

 In the first half of this year, ICBC has secured more than 23,500 investment banking customers and a business revenue of RMB 13.16 billion, up 51.8% from the year-ago where the revenue from domestic investment banking business surged 48.9% year-on-year to RMB 12.38 billion. Read ››

Public Bank launches 3 new funds

Public Bank launched three news funds, namely PB Asia Emerging Growth Fund, PB Bond Fund and PB Sukuk Fund. Read ››

Maybank to expand investment banking business regionally

Maybank plans to expand its investment banking business in Southeast Asia after the segment registered a 49% surge in fee-based income to RM292mil. Read ››

Hong Leong Bank may sell MIMB licence

Hong Leong Bank may sell MIMB Investment Bank Bhd’s investment licence included in its acquisition of EON Capital’s assets and liabilities. Read ››

CIMB to create investment banking advisory in Sri Lanka

CIMB Securities will establish an investment banking advisory joint venture in Sri Lanka. Read ››

ICICI Venture exits from Va Tech Wabag

ICICI Venture Funds has sold 5% of its stake in Va Tech Wabag to Japan-based Sumitomo Corporation for around Rs 68 crore. Read ››

Affin offers open-ended fund

Affin Fund Management launched an open-ended fund with an approved size of 800 million units. Read ››

Bank of China launches online wealth management products

Bank of China launched the first batch of wealth management products exclusively available via online banking. Read ››

ICBC launches 7-day profit increase wealth management product

ICBC added a new member to the ICBC "Link Express" product family - "Link Express" ultra-short 7-day RMB profit increase. Read ››

BSN to boost wealth management business

Bank Simpanan Nasional would assign more personnel to handle  its wealth management products and services from 96 now to 350 by year-end. Read ››