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.
Industry AUM grew 52% in 2014, its fastest pace for seven years. But the craze for money-market funds lies behind it, leaving analysts to ponder risk appetite and future growth drivers.
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.