Following its deal with Japan's Diam last week, the Malaysian fund house is seeking more manufacturing and distribution partners, with Australia and Europe both on its radar.
Standard Chartered has been named as Maybank Asset Management's trustee for the first sharia-compliant fund on the Asean passporting scheme. Questions hang over when it will be passported outside Malaysia.
Fund industry players see Asia's regulatory environment going through a good deal more change than global rules over the next five years, a survey shows. And they have tipped one passporting scheme for success.
Regulation is shaping the agenda for fund passporting and not always for the best, according to industry experts at a forum. And with the rise of Asian digital fund platforms, passporting may become irrelevant.
The Asia Region Funds Passport scheme has published detailed draft rules and operational arrangements after incorporating industry feedback from a consultation process.
Some distributors in Southeast Asia are unsure what the recently launched Asean fund passport will offer them in the near term that they do not already have.