Aussie minister names countries in Asia fund passport talks

Regulators and politicians in Hong Kong, Japan, Singapore and Malaysia are considering setting up a pilot programme with Australia to introduce an Asian fund passport scheme, says Bill Shorten, Australia’s assistant treasurer and minister for financial services and superannuation. He made the remarks at last week’s AsianInvestor conference in Melbourne for superannuation funds looking to invest more directly into Asian markets. Shorten has picked up on an initiative blessed by his pre…