One-third of mainland mutual fund houses and one-fifth of private asset managers plan foreign expansion, finds a new survey. It also points to their domestic ambitions.
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Despite the launch of many new funds and six fund management firms, AUM still drops 12.5% with a negative performance on both the equity and fixed income side.
The Bangkok-based Association of Investment Management Companies is optimistic about having a self-regulatory organisation in place by early next year, but some fund managers are sceptical.
