Aldcroft has been in the fund and asset management industry in Asia Pacific for nearly four decades, and will be taking a short break in the UK before returning to Hong Kong next year.
As Hong Kong's securities regulator softens its stance on leveraged funds, Citi's Stewart Aldcroft dismisses concerns that they are unsuitable for local retail investors.
Following the announcement of an ETF trading link to be created between Hong Kong and China, industry players outline the features they most want to see from its establishment.
A veteran of Hong Kong’s Securities and Futures Commission, Christina Choi will oversee investment products, in the culmination of a long-running saga. But there remains a question over coverage of China activities.
Yesterday’s signing of the memorandum of cooperation for the Asia Region Funds Passport has sparked calls for jurisdictions to address the unequal tax treatment of cross-border funds.
The continuing stream of international fund houses considering setting up in Asia has been advised to think very carefully before they do so. The number of cautionary tales is growing.
Industry welcomes move by Singapore's financial regulatory authority to go public with tax criticism of ARFP passport scheme. They say it could force Australia and Korea into a corner.
Industry welcomes long-awaited launch date and raises prospect of expansion, but ponders who’s best placed to benefit and whether compromises are being made.
HKEx considers liberalising Stock Connect rules; Fed hints algo-trading caused flash crash; Taiwan reforms offshore fund rules; ARFP's tax hurdles highlighted; and non-residents to pay British CGT.
Australia has been a cheerleader for the upcoming passporting scheme, but industry players have claimed the country's taxation arrangements represent the biggest hurdle to its successful implementation.
Stewart Aldcroft of Citi says Ucits funds will not be allowed to participate in Hong Kong-China mutual recognition in the next few years, despite a Luxembourg lobbyist's argument to the contrary.
Mutual fund assets under management are declining as a proportion of household financial assets in Asia. This indicates a worrying lack of understanding of these products, say market participants.