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.
Under the rules, an ETF planning to list on the PSE must have a minimum asset base of Ps250 million ($6.15 million) for local entities and $10 million for foreign funds.
The fund management company offering the ETF to the public must pass the PSEÆs requirements for investment managers. Once an ETFÆs registration has been approved by the PSE, the ETF shares will be sold through an initial public offering and must comply with the exchangeÆs full disclosure rules.
The PSE is hoping the introduction of ETFs will encourage more investors to reallocate money from bank deposits into funds.
ETFs have become increasingly popular in Asia. Malaysia and Thailand, two of the PhilippinesÆ Southeast Asian neighbours, launched ETFs last year. MalaysiaÆs CIMB launched the worldÆs first Asean ETF in 2006, listed on the Singapore Exchange (SGX) and comprising of the 40 top stocks by market capitalisation and adjusted for free-float across Indonesia, Malaysia, Philippines, Singapore and Thailand.
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.
The French fund house becomes the world’s largest responsible asset manager to help asset owners implement sustainable investing, underlining its serious commitment to ESG.
The long-waited infrastructure Reits have finally arrived in China and, while experts see a slow start with hurdles ahead, they say it will later move to a 'big bang'.
AsianInvestor reveals the second half of the standout funds in our latest awards, including equity funds, the top Reit and the best smart beta vehicle.