The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
The open-ended fund will be available from 23 July to 2 August and will be managed by Panukorn Chantaraprapab, equity director of Manulife Asset Management Thailand, and Sukkawat Prasurtying, the Bangkok-based firmÆs chief investment officer. It will be available through Manulife Asset Management ThailandÆs network of distribution partners, which include Standard Chartered, Deutsche Bank, Bangkok and Phatra Securities, KGI Securities and Merchant Partner Securities.
The firm will also invite investment from both retail and institutional investors and will likely buy Thai stocks that offer high dividend yields and low volatility for clients.
The Manulife Strength Equity Fund is the latest offering by one of ThailandÆs new asset management firms. Since joining the industry in May 2007, Manulife Asset Management Thailand has launching two addition funds in its Strength Core range.
These two - Manulife Strength Core Equity and Strength Core Long Term Fund - both invest in SET50 stocks, of which several names are unlikely to be found in its latest launch. It also launched an open-ended foreign investment fund earlier this year which feeds into the Manulife China Value Fund.
To capitalise on ThailandÆs growing acceptance of asset management, the firm plans to launch several new funds in the near term.
ôWe also plan to launch other funds including a fixed-income fund, a short-term fixed income fund, and two retirement mutual funds,ö says Alan Kam, chief executive officer of Manulife Asset Management Thailand. ôThe retirement mutual funds are aimed at investors who want to save for their retirement and enjoy tax privileges in accordance with the regulation of the revenue department.ö
Since its launch, the firm has pooled together Bt2.99 billion (approximately $100 million) in assets under management.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.