The two Korean managers are planning to set up onshore wholly-owned entities, which are seen as important vehicles for foreigners to win domestic China mandates amid deregulation.
Tag : mirae asset
Newly proposed rules – due to take effect later this year – are set to help Korean insurers increase their overseas and alternatives exposure with a view to tackling falling returns.
BMO Global AM names institutional sales head; WMA hires CIO; Manulife splits distribution, marketing roles; Everstone hires India exec; Mirae Asset moves ETF exec to HK; Vontobel WM adds in HK; Lumen hires former UBP MD; PGI adds in Australia; and Natixis AM names new CEO.
The South Korean and Japanese asset managers are looking to compete in a very crowded space with the first co-managed product they have launched outside their home markets.
Doubts have been voiced over the viability of Mirae Asset's HK-listed exchange-traded funds and of Asia-wide sector ETFs, after the exit of its HK ETF head. But it has more hires and products planned.
They explain the factors that determine why they choose one manager over another as they look to step up allocation to global markets and alternative assets.
The South Korean fund manager is targeting institutional investors in particular with its new range of Asian sector-focused exchange-traded funds in Hong Kong.
Attracted by Taiwan's growth potential and strengthening Greater China ties, Mirae Asset Global Investments signs an MOU to buy a majority stake in TLG Asset Management.
The South Korean asset manager has a new Hong Kong CEO and is listing the territory's first Kospi 200 exchange-traded fund.
The South Korean firm aims to become a 'go-to' emerging-markets asset manager for global allocators, says Martyn Gilbey, newly appointed Asia-Pacific head of marketing.
