Conference touts Southeast Asia's mutual-fund potential

Article Abstract:

Over 120 representatives of investment companies and regulators throughout the world attended a three-day conference in Hong Kong which highlighted the potentials of the Southeast Asia as a major source of investments for mutual funds. Speakers stressed that the region's high savings rate, coupled with strong government supports, make Southeast Asian an ideal mutual fund resource. However, they noted that mutual fund companies need to invest heavily on educating Southeast Asians on the advantages of mutual funds to attract significant investments.

Conferences, meetings and seminars, Economic aspects, Southeast Asia

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Impac aims to compete with the giants

Article Abstract:

ImPac Asset Management Ltd. is Hong Kong's first independent fund-management venture with an asset of $1.2 million. Formed in 1995 by six local fund managers, ImPac's main goal is to provide competition to foreign giant fund companies. It is managing some $120 million in assets under 12 retail Asian mutual funds. Among these, the most successful is the Hong Kong fund, which provided a 17% return from Jan. 1, 1996 to Aug. 12, 1996.

Management, ImPac Asset Management Ltd.

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Selling out of Hong Kong: poll finds funds' stock weightings reduced

Article Abstract:

Merrill Lynch/Gallup Survey of a July 1997 Asian Pacific fund managers stock market trading reveal a higher percentage of selling than buying. Analysts attribute the buying decline in Hong Kong's equities to its high real property prices, while that of Japan is caused by a government's imposition of a consumption tax. Nevertheless, analysts are hopeful that the trend is temporary and inconclusive for all Asian fund managers.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Stocks, Exchanges, Surveys, Asia, Securities, Merrill Lynch Japan

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