Investors, fund management executives, funds distributors and securities regulators in Singapore have had to operate on gut feel when it comes to understanding what products are selling. Unlike other markets in Asia except for Malaysia, Singapore has had no mechanism to compile data on funds flows.
Now the Investment Management Association of Singapore Imas has drummed up sufficient support from fund houses to assemble this data. Lipper will collect data provided by fund companies, with the aim of publishing the first report on June numbers sometime in July, says Andrew Kwek, executive director at Imas.
Many fund companies have resisted such a move for years, because they...
