Singapore is one of Asia’s largest REIT and property trust market with around 43 S-REITs listed on the Singapore Stock Exchange, with a market capitalisation of over S$110 billion. S-REITs are an important segment in the Singapore stock market, with 5 REITs included in the Straits Times Index, with a total weight of 7.6%. Today,…
ASI announces sweeping fee cuts across 11 funds
By Harriet Habergham, 4 May 21
Five sterling government bond funds to see AMC slashed, while the £1bn Emerging Markets Equity and Asia Pacific Equity funds will also see charges cut
Aberdeen Standard Investments will slash annual management charges across 11 of its funds from 1 June.
In a letter to investors, ASI said it was planning fee cuts across a number of its sterling government bond funds, as well as some of its larger funds, including the £1.1bn Emerging Markets Equity and £1.1bn Asia Pacific Equity funds “following a review of the funds’ pricing”.
It is aimed at ‘digital natives’ and offers a range of mutual funds provided by key partners
Citibank in Hong Kong has unveiled Citi Plus a digital wealth platform that offers a range of investment products including mutual funds mostly managed by Aberdeen Standard Investments (ASI), Franklin Templeton and Allianz Global Investors, as well as stocks and money market funds.
The target client segment are “digital natives”, typically defined as young people born since 1980 who have grown up with computers, the internet, video game consoles, mobile phones and social media.
The offering was piloted in December 2020.
“Millennials were invited to participate in research and the co-creation process, through which we could better address target clients’ pain points, and help them grow their wealth via the new service,” said Lawrence Lam, consumer business manager of Citibank Hong Kong.
AIC unveils three sectors to reflect changing India, China and property markets
‘Given the distinct characteristics of each of these areas, it makes sense to compare them like-with-like’
The Association of Investment Companies (AIC) will launch three investment company sectors next month and is merging three others into one.
The trade body announced on Monday it is creating the China/Greater China, India and Property – UK Logistics sectors in March to reflect how the industry has changed in the past two years since its last sector shake-up.
The China/Greater China sector will include products invested in the shares of quoted companies in the region. Those invested in the shares of quoted Indian companies will be included in the India sector, while Property – UK Logistics will be for products invested in UK logistics property.