Ucits fund marketers increase Asia focus

With Cerulli Associates forecasting that Asia's fund sector will recover its 2007 peak level of $1.06 trillion assets under management this year, well ahead of markets elsewhere, the region is drawing huge interest from asset managers worldwide. Asia's markets are becoming more balanced in terms of focus on the retail and institutional sectors, with institutional investment business becoming increasingly significant, says the US research firm in its Asia-Pacific report, published in …