Understanding Southeast Asia’s dynamism and diversity


Understanding Southeast Asia’s dynamism and diversity

Executive Summary

Asia is a continent of contrasts, with huge variations in natural resources, business environments, and cultures. Southeast Asia, in particular, is made up of a mix of mature, emerging, and frontier markets, reflecting economies that are uniquely diverse. Asset management firms will need to navigate the challenges outlined below that come with Southeast Asia’s diversity in order to come out on top.

The lack of a common cross-border mutual fund regime is one of the biggest challenges facing the region.
For many years, asset managers have waited for an Asian equivalent of Europe’s successful UCITs directive, the European regulatory framework for investment vehicles. In 2013, not one but three possible versions of cross-border mutual fund initiatives across Asia were announced:

  • Asia Region Funds Passport (ARFP)
  • ASEAN Collective Investment Scheme (CIS) Framework
  • The Mutual Recognition of Funds (MRF) between Hong Kong and China
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Performance magazine issue 21, September 2016

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.

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