Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dechert reports on developments in ASEAN UCITS-type fund passport

Thursday, September 27, 2012

Beverly Chandler, Opalesque London: Angelyn Lim of Dechert’s Hong Kong office has written a thorough report on developments in establishing a funds passport for ASEAN funds.

She writes: "Members of the Association of Southeast Asian Nations (ASEAN) aim to establish a single trading bloc in the form of the ASEAN Economic Community by 2015. One cross-border initiative that has been proposed is a funds passport similar to that of the UCITS."

Her conclusion is that the development of an ASEAN funds passport still has some way to go. "Thailand and Singapore, who have clearly taken the lead thus far, still need to iron out the exact details and mechanisms of their respective initiatives over the coming months. There is currently (as at the time of publication) nothing publicly available on the websites of other ASEAN regulators regarding an ASEAN funds passport. For a truly ASEAN funds passport to become a reality, more concerted effort is required from the rest of ASEAN."

However, she feels that given the different stages of economic and political development among different ASEAN member states, it is unlikely that all of ASEAN will be prepared to take the initial big leap. "Aside from Thailand and Singapore, other potential pioneering participants in such a passporting arrangement may include Indonesia and Malaysia. Asia-Pacific nations such as Hong Kong, Taiwan and Australia, which......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November