Small funds face closure
Article Abstract:
Templeton Franklin Investment Services (Asia) Ltd and Jardine Fleming Investment Management Ltd are closing at least 16 small mutual funds in Hong Kong. The two firms cited management cost as the main reason on their decision to shutdown such funds. Templeton Franklin is closing down six funds while Jardine Fleming is closing down 10 funds. The closure reflects the declining popularity of sector funds in Asia which can be partly attributed to their extreme volatility during the past two years of regional crisis.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Opportunity in Asian bonds: unit of Manulife Financial is launching fund
Article Abstract:
Manulife Funds Direct Ltd is offering the Manulife Asian High Income Fund as proof of its belief in the economic potential of Asian bonds despite the recent drop in prices. Manulife Senior Manager David Lai says it is better to buy when prices are low rather than wait until currencies stabilize and prices increase. The company is a unit of Manulife Financial and is also planning to offer a European mutual fund and an international mutual fund.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Investors' rude awakening
Article Abstract:
Tracker Fund, an exchange-traded vehicle that tracks the Hang Seng Index, closed below its initial public offering for the first time. The fund was dragged down with the rest of the market on March 22, closing at HK$12.80 (US$1.64). The impact of the downturn is discussed.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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