Fragmented Asia Pacific makes growth challenging
Fragmented and highly regulated markets in the Asia Pacific region are making it increasingly difficult for growth-hungry fund managers to expand their reach, a survey has found.
More than a third (42 per cent) of surveyed fund managers said they were looking to expand into new markets, while 28 per cent listed this expansion as their top priority, often due to low returns and confined opportunities in their current market, a State Street/Longitude Research report revealed.
However, more than half (51 per cent) of the 200 surveyed fund managers claimed the fragmented nature of Asian Pacific markets was curtailing their growth plans.
Regulation was cited as a key challenge, with 52 per cent of fund managers worried their companies would have to make significant changes to meet multi-region compliance requirements.
To allow for expansion, companies would need to develop a more detailed knowledge of markets of interest such as Malaysia and Thailand, and outsource where possible, the report suggested.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
