REGULATORS
4 Upfront
Taiwan institutions choose managers and invite
pitches; Nikko AM names new management
 
12 Upfront: on the move
Bruno Lee heads for Fidelity; new chairmen for Korea’s
GEPS and Teachers Pension Fund
 
16 Operations manager
David Lau, Enhanced Investment Products
 
19 Regulatory roundup
Curbs on investment products in China and India;
Singapore consults on funds-industry rules
 
20 Fund flows
Demand for Asian equity funds will return
 
22 Q&A
Roger Bacon, Citi Private Bank
 
FEATURES
24 Two markets, one ETF
Beijing embarks on a drive to boost its asset managers
and further integrate its capital markets
 
30 Rethinking ETF strategies
Exchange-traded fund issuers are responding to
regulatory tightening around ETFs
 
32 Sidelined in Southeast Asia
Malaysia and Thailand have not turned out to be fertile
ground for ETF providers
 
35 Segregated accounts hot to trot
China deregulates segregated accounts for fund houses
 
36 China private funds
Privately managed funds in China aspire to hedge-fund
status but are held back by poor performance
 
38 Asset owners’ investment habits mature
AsianInvestor’s survey of institutional investors from
Asia ex-Japan finds risk appetites are alive and well
 
44 Fund administration survey
China, beyond QDII; Rebooting India admin; Polishing
the Indonesian jewel
 
49 The great insurance/bank liquidity arbitrage
Regulation and market volatility is driving insurance
companies to swap assets with investment banks
 
50 Asia’s 25 biggest retail distributors
Our catalogue of the most important sellers of mutual
funds to retail investors throughout Asia ex-Japan
 
49 The great insurance/bank liquidity arbitrage
Insurance companies swap assets with i-banks
 
54 Emerging-market bonds are oversold
Global investor fears over Western weakness and
emerging-market inflation have been overdone
 
60 Going macro and active in Asia
Robeco and AsianInvestor’s survey finds investors want
absolute returns, macro exposures and active styles
 
ALTERNATIVE INVESTOR
66 Funds of funds’ next move
They say they have correctives against market volatility,
negative manager performance and redemptions
 
70 Asia’s biggest and best-performing PE funds
A study by Preqin shows little correlation between size
and performance among Asian private-equity funds
 
72 Alternative Q&A
Pierre Lagrange, GLG Partners
 
74 Alternative roundup
Sail Advisors hires Peters; CBRE completes ING
purchase; Kennedy joins HSBC from Citi