Fidelity's deep pockets purchase clout in Asia
Article Abstract:
Boston, MA-based Fidelity Investment Co. is ahead of its competitors by a wide margin in terms of market share in the Asian mutual fund market. Unlike its competitors, Fidelity has a massive marketing budget for its Asian operations, with estimates of between $4 and $5 million for 1997. Competitors claim that Fidelity's success in Asia in built on a spending spree. Records, however, disprove these rumors as a Watson Wyatt Worldwide Investment Survey for the period between 1993 and 1995 shows that Fidelity had the best performance among Hong Kong pension schemes.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Spreading the wealth in Asia
Article Abstract:
Fund managers are slowly spreading their Asian investments to areas outside of Hong Kong. This was revealed by attendees at the Asian Wall Street Journal Asset Allocation Panel. According to Andrew Dalton of Mercury Asset Management PLC of London, UK, property markets in Taiwan, Singapore and Malaysia are attractive. He, however, fears the buoyancy of the Hong Kong market. Lloyd George Management Ltd. director Scobie Ward shares Dalton's assessment that the colony's property stocks have become expensive.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Sales war heats up at mutual funds in Hong Kong
Article Abstract:
Hong Kong's biggest mutual fund companies are engaged in a marketing battle. Fund companies such as Jardine Fleming Unit Trusts Ltd. and Thornton Management Asia Ltd. are offering intermediaries the whole front-end load on selected funds as commission. Customarily, firms give intermediaries a fixed percentage of the front-end load as a fee for their services. Industry critics, however, argue that the commissions may adversely sway financial advisers' recommendations.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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