Morgan Stanley may enter Singapore retail funds market

Morgan Stanley Investment Management may enter the Singaporean retail mutual funds business in the second half of this year, says Lee Tiong-Seng, executive director and business head for Asia ex-Japan. "We have a successful retail business in the United States, Europe and Japan. The time has come for Asia," he says.The firm has always had a retail capability, but the landscape in Singapore is becoming sufficiently attractive to warrant the effort. As of July 1 the Monetary Authority o…