ETF activity increases in Asia
Exchange traded funds are about to make their debut in South Korea, while in Japan, investors will be offered a handful more ETFs made available by Barclays and State Street.
According to Dow Jones newswire reports, South Korean Deputy Prime Minister Jin Nyum Dwill has told financiers that the Korean Government will be developing regulations for the ETFs later in the year.
The South Korean Government is hoping the ETFs will help revive the local capital market. Jin says South Korea will be looking to foreign experts to create a suitable environment for investment banks.
According to a Reuter report, State Street Japan chief Eric Michel says the indexes have received wide acceptance among investors in Japan, and the firm will be seeking licensing agreements to use the indexes. Barclays will launch ETFs in Japan which track a number of indices.
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Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
Regal Partners has passed $20 billion in funds under management, helped by $723 million in net inflows during the last three months.
Global investment manager Fidante has formed a strategic partnership with a London-based asset manager to secure exclusive distribution rights across the APAC region.
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
