Fri, Mar 27, 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner