funds under management (FUM)

CapitaLand Investment aims to lower FUM percentage in China; may consider Australia-listed REIT - THE EDGE SINGAPORE

Company in the news

CapitaLand Investment aims to lower FUM percentage in China; may consider Australia-listed REIT

While the group has kept its FUM growth target of $200 billion, CLI aims to lower its FUM percentage in China.

Asset management

Lessening the impact of mark-to-market

Companies pivot to asset management for fee income to boost earnings, and to sidestep mark-to-market impact on net profit

M&A

Keppel Corp acquires European fund manager in wider FUM push

The initial acquisition is expected to take place by 1H2024 and is expected to be immediately accretive to Keppel’s earnings.
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