News

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

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

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

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

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

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.

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

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

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

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

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

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

Citibank launched its Institutional & High Net Worth Fund Platform.

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.

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

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