Bankers question Asean passport demand
Some distributors in Southeast Asia are unsure what the recently launched Asean fund passport will offer them in the near term that they do not already have.
The Asean Collective Investment Scheme (CIS) may have become the first of Asia’s fund passports to go live, but bankers have expressed skepticism over the level of potential interest for products launched under the scheme*.
Retail banks across Malaysia, Singapore and Thailand – the initial three CIS signatories – all express similar doubts over near-term demand. They believe preference for domestic product, combined with tepid appetite for new launches and little differentiation f…
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