Affin Hwang eyes global funds for local distribution
After struggling to raise assets from European investors, the Malaysian fund house has refocused on its domestic market. It plans to have more feeder funds and is looking for external managers to partner with.
Malaysia’s Affin Hwang Asset Management is putting its international expansion plans on hold to focus on its domestic distribution business.
The firm plans to launch more feeder funds and is searching for global companies to partner with.
It comes as its two Ucits funds aimed at European institutional investors face challenges in attracting flows.
Chan Ai Mei, Affin Hwang’s chief marketing officer, said competition had become a lot stiffer in Europe, and the Greek crisis had m…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.