Overly burdensome rules are hindering investors rather than protecting them, argue AMP Capital's Kerry Ching and Blair Pickerell, formerly of Nikko Asset Management.
But Asia's retail market for ETFs requires better education for investors, more regulatory backing and advances in technology if it is to gain a bigger share of the pie, say industry participants.
Funds veteran Blair Pickerell says it is, in the sense that the average person still has an under-managed portfolio. But it is open to debate whether that is the fault of clients or industry professionals.
AllianzGI's institutional chief resigns; Nikko AM names new Asia head; Algebris hires portfolio manager; CBRE names asset services chief; and White & Case boosts private equity team.
Japanese fund house announces launch of two more Ucits funds as it attempts to satisfy demand from investors in Europe, Middle East and Africa. Nikko plans to launch even more in the coming months.
Nikko AM's CEO paid tribute to Pickerell's "tremendous contribution" to the expansion of its Asian business over the past five years.