The fund industry’s latest mega-takeover has big implications for the two firms and for their clients in Asia. AsianInvestor looks at issues that the deal raises.
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A surprise doubling of the overseas allocation limit to 30% and lifting of the ban on private equity investment are welcome changes for increasingly yield-starved Thai insurance firms.
But while Morningstar sees the bond house as the "strength" of Franklin Templeton's takeover of Legg Mason, the merged firm may be vulnerable to competition from index fund managers.
Beijing will likely require asset owners play a bigger role in ESG investing as part of broader sustainability plans when it announces its five-year plan later this year, according to KPMG.
While the full impact of the virus remains unclear, it will likely force China to maintain a degree of policy support into the second half of 2020 and possibly beyond.
Thailand’s Government Pension fund is contemplating teaming up with pension funds from other countries as it continues to ramp up its exposure to alternatives investments.
Five experts told AsianInvestor what symptoms Asia's private equity markets are displaying from the recent coronavirus outbreak.
Chinese and HK state investors may well expect private fund firms to use the new limited partnership regime, for which a proposal is imminent, says a lawyer involved in the process.