Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed