Winter 2013

Gold banglesThe gold price is expected to decline by 20% this year, likely to make the first annual loss in 13 years. Muriel Oatham finds that as American and European investors leave the market, the appetite for gold in Asia shows no signs of abating.

Mutual fund recognition between Hong Kong and China has caught the imagination of asset managers looking to expand in the region. The participants in our roundtable in Hong Kong discuss the opportunities and challenges of this proposed scheme, and explore the potential to grow in and beyond China. Edited by Stefanie Eschenbacher.

Hong KongAfter years of waiting for an Asian equivalent of the successful Ucits platform for funds in Europe, not one but three possible versions have come along in 2013. Stewart Aldcroft of Citi Transaction Services explores the possibilities of mutual recognition, fund passporting, or both.

QuestionsEmpirical evidence suggests that it is rather difficult, if not virtually impossible, to consistently add value by effectively timing market entry and exits. Wing Chan of Morningstar discusses the implications for investors.

FanAn initial batch of six hedge fund managers have been granted individual quotas of $50 million so that they can exchange renminbi funds raised from Chinese investors into foreign currency, which can then be invested in overseas securities markets.

Singapore has signed a mutual fund recognition agreement with Malaysia and Thailand, potentially also drawing in Indonesia, Laos and the Philippines. The participants of our roundtable in Singapore say competition with international jurisdictions like Hong Kong, Ireland and Luxembourg is intensifying, amid changes in local and global regulation. Edited by Stefanie Eschenbacher.

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