ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. - Cross-border direct fund sales in S’pore, Malaysia and Thailand

I reckon it is a good news for local fund managers. On the other hand, it also means M'sia and Thailand fund managers are accessible by local investor, thus more competition.

Cross-border direct fund sales in S’pore, Malaysia and Thailand

SINGAPORE — Singapore-based fund managers will soon be able to offer their retail funds directly to investors in Malaysia and Thailand under a streamlined process, following an agreement by the three countries to facilitate the cross-border offering of collective investment schemes to retail investors.

The Monetary Authority of Singapore (MAS), the Securities Commission of Malaysia and the Securities and Exchange Commission of Thailand said yesterday the framework would be implemented in the first half of next year.
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http://www.todayonline.com/business/cros...d-thailand

language is an issue. translating the fund prospectus/factsheets/annual reports will be a killer.
FX will be another issue.

(02-10-2013, 10:27 AM)opmi Wrote: [ -> ]language is an issue. translating the fund prospectus/factsheets/annual reports will be a killer.
FX will be another issue.

The language for documention should be still in English, although it might be translated by local for ease of communication among RMs and investors.

Yes, FX is an issue to invest in M'sia and Thailand, with stronger S$.

(02-10-2013, 10:42 AM)CityFarmer Wrote: [ -> ]
(02-10-2013, 10:27 AM)opmi Wrote: [ -> ]language is an issue. translating the fund prospectus/factsheets/annual reports will be a killer.
FX will be another issue.

The language for documention should be still in English, although it might be translated by local for ease of communication among RMs and investors.

Yes, FX is an issue to invest in M'sia and Thailand, with stronger S$.

there will be a legal gap if the language is still available in english only. When things happens, people will say I dont read English. Then fund distributors will kenna. Like HL Finance & Minibonds type of situations.