Australian asset managers look to Asia

Jan 25, 2010

Australian fund industry executives were in Hong Kong last week with the aim of expanding their business beyond domestic borders.

Back in mid-2008, Hong Kong's Securities & Futures Commission (SFC) and the Australian Securities and Investments Commission signed a deal to facilitate the sale of retail funds to investors in each other's market. But then the financial crisis struck and the agreement fell by the wayside. However, the potential is waiting to be tapped, and some are keen to do just that.

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