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Foreign funds in demand in SEA

Southeast Asian (SEA) investors, particularly those in Thailand and Malaysia, are boosting their fund holdings as they seek higher yield beyond local shores, say latest research. Global managers such as Blackrock and State Street Global Advisors amassed assets under management (AUMs) exceeding US$1 billion across both Malaysia and Thailand without an onshore office in 2014, notes research house Cerulli. Consequently, fund…

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