Aberdeen's Donald Amstad says index funds expose investors to bad companies, with the risks more prevalent in emerging markets such as Asia. Vanguard sets out the opposing view.
Tag : vanguard
The choice of multi-asset income products available in Hong Kong has further expanded, after inflows into such strategies grew 600% year-on-year in early 2013.
After pondering for some time about how to reach retail investors in Asia, Vanguard has had its first Hong Kong-domiciled exchange-traded fund approved.
CIC, NPS chairmen move on, Vanguard investment group changes, JP Morgan reshuffles Middle East wealth, Dubai property fund names CEO and new MAS board member named.
Bill McNabb, global CEO of $2.2 trillion Vanguard, says tactical elements in multi-asset products “make me nervous”.
The firm is targeting retail investors with three ETFs tracking small caps, large caps and high-yield shares. It also hopes the ASX will allow fixed-interest ETFs within a year.
Vanguard Investments Australia has ETFs awaiting regulatory and legal approval.
Scott Lawrence will work with the companyÆs nine-person Asia-based sales team from Vanguard's office in Singapore.
It will distribute global index funds via local index player Yurie Asset Management.
The mutual fund giant has hired Jon Robinson in Singapore to promote it to local institutions.