SINGAPORE (July 18): Aberdeen Asset Management has announced the launch of five of its funds in Singapore, including its first multi-asset funds in the nation.

In an announcement on Tuesday, the investment arm of Aberdeen Group says they are the group’s first Luxembourg-domiciled funds ...

Aberdeen launches new retail unit trusts in Singapore

SINGAPORE (June 15): Singapore eDevelopment (SeD) says its Global Systematic Multi-Strategy Fund has achieved a gross and net return of 15% and 10% respectively in its first year of operation.

The net returns are calculated by its fund administrator, Maples Fund Services.

Glob...

Singapore eDevelopment fund achieves 10% net return in first year

SINGAPORE (Dec 20): Assets invested in globally listed Exchange Traded Funds and Products (ETFs/ETPs) hit a new record high of US$3.4 trillion (S$5 trillion) at the end of November, says research and consultancy firm ETGI.   

Net new flows gathered by ETFs/ET...

Global investments in ETFs/ETPs hit US$3.4 tril record at end Nov

SINGAPORE (Nov 21): In the week before, US$18.1 billion (S$25.8 billion) in capital flowed out from bonds. At the same time equity funds recorded an inflow of US$27.5 billion, according to estimates by Citi Research.

Citi’s analysts Markus Rosgen, Pong Yue Hin and Mand...

Developed markets receiving bulk of fund inflows last week

KUALA LUMPUR (Oct 5): Phillip Capital Management (S) Ltd, a Singapore-based fund management company, launched its first Asia Pacific REIT Exchange Traded Fund called Phillip SGX APAC Dividend Leaders REIT ETF (REITs ETF), which is to be listed on the Singapore Exchange (SGX-ST).

The REI...

Phillip Capital Management's first REITs ETF to be listed on Singapore Exchange

SINGAPORE (July 11): When global financial markets dived in the immediate aftermath of Brexit, alternative funds proved resilient. From June 23 onwards, the S&P 500 index closed 5.3% lower at its worst point while in Europe, Germany’s DAX and France’s CAC indices fell 9.6% and 10.8%, respecti...

Do alternatives really hedge against volatility?

SINGAPORE (July 1): Post-Brexit, gold continues to hold on to gains despite a recovery in risky assets like equities. The precious metal, which is seen as a safe haven asset, has risen 25% this year and trades close to US$1,330 per ounce – a level last seen in July 2014. So should investors jump ...

Does the gold rally have legs post-Brexit?

SINGAPORE (June 30): The majority of trend-following hedge funds, commonly known as commodity trading advisers (CTAs), generated positive performance in the two days following the Brexit bombshell on June 23, when Britain voted to leave the European Union.

Global stock markets plunged w...

CTA hedge funds profit from Brexit chaos

SINGAPORE (June 29): Prior to the June 24 Brexit decision, global institutional investor confidence fell only marginally by 0.1 points in June, according to the State Street Investor Confidence Index (ICI).

In fact, it was only the North American ICI that declined by 2 points, while the...

Investors underestimated Brexit risk ahead of vote: State Street’s Metcalfe

SINGAPORE (June 28): Jean-Louis Nakamura, the Asia chief investment officer at Swiss wealth management firm Lombard Odier, is urging investors to “keep calm and refrain from making outsized adjustments” in their portfolios in the aftermath of Brexit.

“There is little doubt that sentimen...

Lombard Odier buys oversold Japanese stocks; urges investors to keep calm

The Penang High Court on Friday dismissed former Penang chief minister Lim Guan Eng, his wife Betty Chew Gek Cheng, and businesswoman Phang Li Koon’s attempt to strike out their graft and money-laundering charges.

Double jeopardy does not apply, Penang court rules in dismissing Guan Eng, wife and Phang's challenge on graft charge

Naza Corp Holdings Sdn Bhd has completed the acquisition of a 100% stake in Berjaya Enviro Holdings Sdn Bhd (BEnviro) from Berjaya Corp Bhd for RM700 million in cash, marking its entry into the green economy with a focus on municipal and scheduled waste, as well as the waste-to-energy sector.

Naza completes acquisition of waste management company from Berjaya for RM700m cash 

(May 3): Iran has released the crew of a seized Portuguese-flagged ship linked to Israel, but remains in control of the vessel itself, Foreign Minister Hossein Amirabdollahian said.

Iran says crew of Israel-linked ship freed

KUALA LUMPUR (May 3): Digital Nasional Bhd (DNB) will hold a meeting next week to review due diligence findings on the 5G network rollout, Digital Minister Gobind Singh Deo said on Friday.

Digital Nasional to meet next week to discuss due diligence on 5G network — minister

Google has asked a US judge not to impose sweeping changes to the Alphabet unit's app store Play that were proposed by Fortnite maker Epic Games in the companies' closely-watched antitrust fight.

Google defends app store, fighting Epic Games' bid for major reforms 

(May 3): Asian currencies are poised for their best week in nearly two months as regional policymakers increased their intervention efforts and rhetoric.

The Bloomberg Asia Dollar index has gained by 0.3% this week so far, the biggest advance since early March, supported by inter...

Asian currencies set for best week in two months on intervention 

Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention from Japanese authorities.

Asian stocks surge; yen extends gains to cap wild week

Societe Generale SA equities traders outshone their bond-trading counterparts for a fourth straight quarter, with revenue from the unit helping the French bank beat estimates for profit in the three months through March.

Societe Generale profit beats estimates as equities help lift results 

Oil prices edged up on Friday on the prospect of Opec+ continuing output cuts, but the crude benchmarks were headed for the steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East reducing supply risks.

Oil prices set for steepest weekly drop in three months

SVB Financial Group, the former parent company of Silicon Valley Bank, said it reached a deal to sell its venture capital unit to a newly created affiliate of Pinegrove Capital Partners.

SVB Financial to sell venture capital business to Pinegrove

Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.

Ajinomoto Malaysia surges to highest in nearly six years

Malaysia’s planned increase in civil servant salaries will boost earnings of RCE Capital Bhd, which mainly provides consumer financing to government employees, Maybank Investment Bank (Maybank IB) said and upgraded the stock to ‘buy’.

Higher civil servant salaries will boost RCE Capital's earnings, says Maybank IB

KUALA LUMPUR (May 3): Digital Nasional Bhd (DNB) will hold a meeting next week to review due diligence findings on the 5G network rollout, Digital Minister Gobind Singh Deo said on Friday.

Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention from Japanese authorities.

The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.

Tech jumps in late hours on Apple’s solid outlook

Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.

Türkiye halts all trade with Israel, cites worsening Palestinian situation

Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.

Hong Kong stocks are on their longest winning streak since 2018

Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.

Malayan Cement likely to report strong 3Q results, says CGS International

KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.

UUE signs underwriting deal with M&A Securities for ACE Market IPO

Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.

Frontken expects stronger performance in 2H — Philip Capital

Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.

Apple unveils record US$110b buyback as results beat low expectations

KUALA LUMPUR (May 3): KL Wellness City Sdn Bhd, through KL International Hospital Sdn Bhd, has launched KL International Tertiary Hospital as part of the first phase of the KL Wellness City township in Bukit Jalil here on Thursday (May 2).

KL Wellness City launches tertiary hospital as part of the township’s first phase

As the latest purchasing managers’ index (PMI) data indicated a softer contraction in Malaysia's manufacturing sector in April, economists are expecting the country's manufacturing condition to gradually recover in the near term, though it remains slightly behind regional peers.

Malaysia's manufacturing sector to recover gradually despite lagging behind regional peers — economists

Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.

Lotte Chemical Titan to face widening losses in 2QFY2024 on lower volume, weak product spread, says TA Securities

PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.

Domestic Trade Ministry raids premises selling products with ‘no palm oil’ label

KUALA LUMPUR (May 3):&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong said it is time for Malaysia&nbsp;to see biomass as the feedstock for new and advanced fuels and&nbsp;other green industries.

Timely for Malaysia to see biomass as feedstock for advance fuels — Liew

RHB Research has downgraded TA Ann Holdings Bhd to "neutral" from "buy", with a reduced target price of RM4.00 from RM4.15, after the stock increased by over 35% in the past year, leading the research firm to believe that the valuation is now fair.

RHB Research downgrades TA Ann to 'neutral', lowers target price to RM4

Teen apparel retailer rue21&nbsp;filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property.

Apparel retailer rue21 files for third bankruptcy, will close all stores

Analysts anticipate continuous growth for Westports Holdings Bhd for the rest of the year on the back of sustained trade activities in the regional economies and multi-year high foreign direct investment (FDI).

Analysts upbeat on Westports’ outlook amid multi-year high FDI

Peloton Interactive Inc shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.

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