Fund managers in Singapore fear CPF cut: drop in contribution levels could impact other investments, they say
Article Abstract:
Singapore's fund management industry is anxiously awaiting the level of cuts that the government will allow employers to cut from their contribution to the Central Provident Fund (CPF), the state mandatory contribution system. Fund managers believe that a employer contribution reduction in the CPF will decrease the pool of funds that will be made available to them for investments in financial instruments. Employers contribute 20% of an employees gross salary to the CPF while the employees contributed 20% of their monthly salary to the CPF. The CPF has an accumulated net balance of S$80 bil as of 1997.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Schroder Investment unveils equity fund
Article Abstract:
Schroder Investment Management Ltd. of Singapore has unveiled its European equity fund that is designed to provide an investment alternative for Singaporeans whose assets are mainly in the Asian region. The new fund, the company's first in Europe, is the first of three subfunds under the Schroder International Choice Portfolio, which will be registered in Singapore, and brought into its Schroder International Selection Fund registered in Luxomberg. The other subfunds are a US equity fund and a Japan equity fund.
Comment:
Unveils its European equity fund that is designed to provide an investment alternative for Singaporean investors
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Boutique fund managers struggle
Article Abstract:
Asian boutique fund managers could get a boost in 1999 from regulatory changes, increasing demand for specialist products and growing trend towards outsourcing by major financial institutions. However, new small, independent, specialist investment management companies are still expected to have difficulties in penetrating Asian markets. Many boutiques claim that the business can be very profitable for those with good investment performance.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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