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Philippine fund houses eye wealth-management sector

Joe Marsh
Retail funds look set to provide faster asset growth than institutional business, says the head of Manila-based BPI Asset Management, which is about to launch a funds trading platform.
Philippine fund houses eye wealth-management sector

With its takeover of ING Investment Management’s Philippine arm – which completed on March 30 – Manila-based BPI Asset Management may have overtaken BDO Asset Management as the country's biggest fund house and expects to see particularly fast growth in its retail business.

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