Sun, Apr 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asia Pacific investors dominate Australian fund scene

Wednesday, November 21, 2012

Beverly Chandler, Opalesque London: A new report from the Financial Services Council and The Trust Company offers a unique insight into funds flowing into Australia, particularly after tax policy changes, introduced in response to the 2009 Johnson Report, Australia as a Financial Centre, Building on Our Strengths.

The Cross-Border Flows Report found that the Asia Pacific region is by far the biggest contributor of foreign fund flows into Australian managed funds, or Managed Investment Trusts (MIT).

Highlights of the report include:

1. 20 (large) fund managers responded to the survey. They managed $33.6 billion of the $65 billion AUM sourced from overseas investors as calculated by the ABS (Australian Bureau of Statistics)

2. Asia Pacific investors accounted for 68% of AUM from offshore investors. Europe accounted for 13%, UK for 9%, and US for just 5%. 3. The largest offshore investor type was other ʻfund managersʼ (55% of AUM), followed by pension funds (18%), ʻown fundʼ (presumably offshore subsidiaries or offshore parent company) at 16%, and sovereign wealth funds (8%). The Johnson Report made 19 recommendations to position Australia as a leading financial services centre in the Asia Pacific region. John Brogden, CEO of the Financial Services Council said: "The Johnson Report identified Australia’s comparative advantage in funds management, an advantage that derives from our proximity to ......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner