Weighing the long-running benefits of an Asian funds passport
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Singapore
THE Asian asset management community has been making a lot of noise about regional fund passporting schemes in recent years.
The Asia Region Funds Passport (ARFP), an initiative spearheaded by the Asia-Pacific Economic Cooperation (Apec), has one of the better chances of success amongst the regional passporting schemes that have been announced. The ARFP includes Australia and Japan, two of world's biggest fund-investor markets, along with Korea, Thailand and New Zealand. This is a realistic scheme that takes us a giant step closer to new market opportunities. But it's not that easy.
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