Fortis Investments’ Indonesian entity, PT Fortis Investments, has teamed up with its Distributor, HSBC Amanah Syariah, to offer an IDR500bn (US$55m) Sharia-compliant equity mutual fund to Indonesia’s growing number of mutual fund investors. The fund, ‘Fortis Pesona Amanah’ will invest between 80-98% in stocks, with the rest invested in money market instruments, based on the Sharia principle. The selection of investments by PT Fortis Investments fund managers will be overseen by an independent Sharia Supervisory Board.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.