Many investors monitor performance over too short a time frame, says Kevin Beatty, equity CIO of MFS. But they have lowered their return expectations, finds a survey by the US fund house.
The firm aims to grow its Asia research capabilities to align with emerging market dynamics. It is targeting institutions and has no plans to launch local product for passporting.
The firm has appointed Jonathan Tiu in a newly created role and has plans to add resources as it awaits confirmation of a full fund management licence in the city-state.
The US fund house has grown its South Korea sales team, put an office in Hong Kong and taken bigger premises in Singapore and Sydney.