The move to allow 100% foreign ownership of unit-trust companies to stimulate the domestic fund industry has stirred debate on the merits of the market both at home and abroad.
Tag : unit trusts
Hong Kong should replace its unit trust fund-raising structure with an open-ended fund company structure if it wants to attract Chinese hedge funds to domicile in the city, says the CFA's Paul Smith.
The Malaysian firm is pitching for more institutional mandates and hopes to benefit from money contributed to the state-run Employees Provident Fund being shifted into unit trusts.
Following the departure of chief executive Yeow Kok Kien, the Canadian firm has created a chief investment officer post in Malaysia and hired Jason Chong from UOB-OSK Asset Management to fill it.
