Philippines set for feeder fund rule change?
Fund houses in the Philippines hope the central bank will soon allow feeder structures to invest in any Ucits product, citing fund passporting as a further incentive for this to happen.
Asset managers have been lobbying the regulator in the Philippines to make changes to allow the feeder fund market to gain full traction, and they believe this may be close to happening.
The Philippine central bank, which regulates feeder funds, is reviewing the last sticking point regarding onboarding of these products’ underlying funds – which are mainly Ucits-compliant products. And industry players say the advent of regional fund passporting is another compelling reason for Ba…
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