Legislative bottlenecks are delaying the establishment of the development fund. Outstanding issues include the amount to be invested and whether it will use an offshore asset manager.
Tensions ahead of a poll in Korea, scandal in Malaysia, yet another vote in Britain – all reasons why political analysis is no longer an optional extra for fund managers.
The scandal at Malaysia's 1MDB did not help the reputation of sovereign wealth funds. With two further Asian SWFs in the works, the political risks that it highlighted are set to resurface.
Mike Ferrer, managing director of ATR Kim Eng Asset Management, wants to put defined-benefit scheme reform on President Rodrigo Duterte’s agenda.
Philippines president Rodrigo Duterte has upset world leaders and conducted a brutal crackdown on drug users, yet fund managers remain keen to invest into the country.
Asset managers are hoping to see changes under new president Rodrigo Duterte that will boost take-up of investment products. But this does not look to be an immediate government priority.
With the Philippine presidential election to take place today, fund managers say frontrunner Rodrigo Duterte would be effective despite the controversy hounding the Davao City mayor.