Managers of Ucits funds remain unsure whether they will be hit with a bonus cap, and it’s high time for this bad idea to be killed off, says Dan Waters of trade body ICI Global.
HKEx considers liberalising Stock Connect rules; Fed hints algo-trading caused flash crash; Taiwan reforms offshore fund rules; ARFP's tax hurdles highlighted; and non-residents to pay British CGT.
Mutual funds do not threaten financial stability, investment industry group ICI argues in a letter it will submit today to supranational body the Financial Stability Board.
Certain EU and Iosco proposals need work, says industry body ICI Global, which has just opened an Asia-Pacific chapter and welcomed its first Chinese fund house as a member.
The law as it stands will impact Asia-based mutual funds in unforeseen ways, warns trade body ICI Global.
ICI Global, a new London-based trade organisation, has had limited contact with the Asian funds industry so far, but says that will change in the coming weeks.