The world's largest asset manager starts with three index equity funds targeting institutional and retail investors in the city, but plans to extend that to active and diversified products in future.
The French asset manager, which sources most of its Asian money from institutional investors, is turning its efforts to the retail business in Southeast Asia.
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The asset manager is the latest looking to build on its range of Hong Kong-domiciled funds. It has also set up shop in Taiwan and is eyeing other moves in the region.
First State reshuffles responsible investment team, Dymon names CEO, Coutts adds in tax and wealth structuring, Amundi names VP of China institutional sales, and Hyperion hires a new dealer and analyst.