Politics & Regulation

Asian funds passport would boost regional managers, says State Street report

by

 
 Hon Cheung
Financial regulators in Asia have an unprecedented opportunity to jointly develop a collective vehicle for registered funds in the region, which would help local fund managers tap investors in the US and Europe, according to a new State Street report.

The region has an estimated $3.9 trillion in collective fund assets, noted the Asian Funds Passport to Growth report. The market is fragmented, however, and governed by a different set of regulations in each market. A funds passport would establish a unified standard across the region’s major financial markets and create a marketable Asian