Global asset managers are looking to obtain approvals before stricter rules on raising and selling offshore funds take hold in Taiwan in October. Yet flows into overseas products have declined.
The British Virgin Islands' new office in Hong Kong will field a rising number of enquiries about BVI trust structures. But it may not find it easy to take funds business from the Cayman Islands.
Franklin Templeton is following recent moves by BlackRock, Fidelity, JP Morgan and Mirae to introduce feeder-fund structures to the Indian market.
The Taiwan regulator is tightening enforcements around the marketing activities of unregistered offshore providers on the island.
Cerulli Associates believes master-feeder structures will continue to appeal to local managers in Thailand and Malaysia.