News

T Rowe Price launches retirement funds in Korea

businessman_targetT Rowe Price has launched two target-income funds in Korea in partnership with Korea Investment Management. The funds aim to provide a regular monthly retirement income by investing in a range of globally diversified assets. “Demand in South Korea for stable returns has grown as the country’s population ages and struggles with low birth rates as well as low interest rates,” said Nick Trueman, head of institutional business, Asia ex Japan at T Rowe Price. The funds follow the launch last year of two target-date products by T Rowe Price and Korea Investment Management. “South Korean investors are increasingly looking beyond their own borders to deliver reliable and durable retirement income,” said Cho Hong-Rae, chief executive of Korea Investment Management. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.