The European directive, agreed last month, is expected to have implications – albeit relatively limited ones – for buy-side traders and independent investment advisers in Asia.
Tag : commissions
Private bankers are not expecting commission- or retrocession-free rules in Asia soon. Fee-for-advice is possible within a decade, but firms may need to package it with additional services.
Since Thailand's securities watchdog introduced a clampdown on sales promotions used by asset managers to boost fund sales, custodians have had a bigger role to play.
Bond funds dominate as sales are set to top 2007 levels. New HKIFA chairman Lieven Debruyne says it's time the city was able to offer RMB-hedged share classes on a range of products.
The advent of electronic trading has thrown commission arrangements into disarray.
