Maybank AM launches Asean passport funds
The Monetary Authority of Singapore has given the products the green light, but industry observers highlight that regulators in Malaysia and Thailand have yet to do so.
The Singapore arm of Malaysia's Maybank Asset Management has launched an Asian equity fund and an Asian fixed income fund through the new Asean passporting scheme.
The firm plans to sell the products in Malaysia, Singapore and Thailand, the initial signatories of the Asean Collective Investment Scheme (CIS) framework, which was launched last month.
The Monetary Authority of Singapore (MAS) approved the funds for cross-border distribution on October 28. Around the same time it ha…
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