Fund managers expect ETFs tracking Hang Seng Tech Index to take off as investors seek a piece of the red hot industry
SCMP, 29 Jul 2020
The new Hang Seng Tech Index will allow fund houses to
introduce exchange traded funds (ETF) to track the tech sector and enable
passive fund managers to invest in the booming sector and promote Hong Kong as
a listing hub, according to fund managers.
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MAS revokes licence of Apical Asset Management Pte. Ltd
for AML/CFT breaches, reprimands its CEO and Board
MAS, 28 Jul 2020
The Monetary Authority of Singapore (MAS) revoked the
Capital Markets Services (CMS) licence of Apical Asset Management Pte. Ltd.
(AAMPL) on 28 July 2020, for serious breaches of MAS’ Anti-Money
Laundering/Countering Financing of Terrorism (AML/CFT) requirements. MAS has
also reprimanded AAMPL’s CEO and Director Yeh Yin Yee and Director Bernard Kan
Cheok Yin for failing to discharge their duties and functions of ensuring that
AAMPL complies with all laws and rules governing its operations.
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Exemptions issued under s337(2) SFA - 2Q2020
MAS, 28 Jul 2020
View exemptions issued under section 337(2) of the
Securities and Futures Act for the period from 1 April 2020 to 30 June 2020.
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SEC Charges VALIC Financial Advisors with Failing to
Disclose Payments to Promote Services to Florida Educators
SEC, 28 Jul 2020
The Securities and Exchange Commission today charged
Houston-based VALIC Financial Advisors Inc. (VFA) in a pair of actions for
failing to disclose to teachers and other investors practices that generated
millions of dollars in fees and other financial benefits for VFA.
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