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Actis closes $130m fund for South East Asia

Actis closes $130m fund for South East Asia Emerging markets private equity investor Actis has closed its Actis ASEAN Fund on $130m. Investors in the fund include private sector institutional investors from North America, Europe and Asia. Actis closed its Actis Malaysia Fund on $60m in 2004. Due to investor interest the firm then decided to increase the fund size and turn the Malaysia-focused fund into a fund investing across the ASEAN region. Actis ASEAN Fund will have a special focus on investments in Malaysia, and it will also focus on investment opportunities in Indonesia, the Philippines and Thailand. More : altassets.com

Australia’s AMP Eyes Asia Infrastructure Fund

Australia's AMP Eyes Asia Infrastructure Fund Australian financial services company AMP Ltd. (AMP.AU) is considering creating a pan Asian infrastructure fund as billions of dollars of Australia's pension fund money chases the asset class. Phil Garling, head of global infrastructure at the group's funds management arm AMP Capital Investors, says demand for exposure to assets like toll roads and airports is outstripping the supply of infrastructure trusts through which pension funds can invest. "There might be A$10 billion (US$7.3 billion) looking for a home in infrastructure in this country at the moment. It wouldn't surprise me," Garling told Dow Jones Newswires

FUND VIEW-China and Hong Kong best Asia bets

FUND VIEW-China and Hong Kong best Asia bets Global stock investors should be overweight China and Hong Kong in their portfolios, because the Chinese economy is likely to keep growing at or near double-digit rates, a fund manager at New Star Asset Management said on Monday. But investors should be underweight the technology-heavy markets of Taiwan and South Korea, because of the risk a slowing U.S. economy will slash the profits of low margin exporters, added Jorry Noeddekaer. Our biggest overweight right now is definitely Hong Kong and China. We more or less add these two names together, he told Reuters in an

ASIA FUND VIEW: ING Real Estate To Launch China Funds

ASIA FUND VIEW: ING Real Estate To Launch China Funds Looking to further tap into Chinas property market boom, ING Real Estate Investment Management is planning to launch two real estate funds in China in the next two years. ING Real Estate, a unit of ING Group N.V. (ING), is currently raising $200 million to $250 million for its China Opportunity Fund, Senior Director Richard Van Den Berg told Dow Jones Newswires. He expects the fund to complete its initial fund raising in June, with the main investors comprising institutions from the U.S., Europe and Asia. This would be ING Real

Stock fund selling eases in Asia, but outlook shaky

Stock fund selling eases in Asia, but outlook shaky Foreign investors have started cautiously nibbling at beaten-down Indian stocks and could start returning to other Asian markets after having been net sellers over the previous five weeks. Foreign cash was a major factor in powering last years run towards record highs in Asian share markets, but a global correction that began in the second week of May has prompted many funds to pull cash out of riskier emerging market assets. In the past six years, sustained outflows from Asia-dedicated funds tended to persist for six to seven weeks. The longest such stretch