POWERED BY MOMENTUM MEDIA
Asian Region Passport gets tick of approval
Four countries, including Australia, signed a pledge last week to simplify funds transfers between Asia and Pacific nations.
Australia, South Korea, New Zealand and Singapore elected to go ahead with the Asian Region Funds Passport — a plan which would allow Asian investors direct access to Australian products — after four years of deliberations.
The pilot project is scheduled to launch in 2016.
Financial Services Council CEO John Brogden said the agreement had the potential to make financial services Australia's next major export industry and he hoped other economies got on board.
"This landmark agreement will mean Australia's fund managers will be able to access cross-border investment opportunities within Asia for the first time and take advantage of the strong demand for financial services in the region," he said.
"We expect the next six to 12 months will involve extensive consultation with the industry and regulatory bodies from the participating nations."
AUTHOR
Recommended for you
Over 90 finalists have been chosen to compete at the 36th annual Fund Manager of the Year Awards.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
33.20 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.82 3 y p.a(%)
Add new comment