Pioneer enters Taiwan funds market

It partners with ING to distribute products through local banks.

Four years after setting up a full-fledged office in Hong Kong, Pioneer Investments has entered the Taiwan market via a distribution agreement with ING Securities Investment Management, one of the largest independent Sices securities investment consulting enterprises in that market.

ING already serves as a conduit for other fund managers that don't want to set up an expensive on-the-ground distribution operation, including Aberdeen Asset Management, Alliance Capital and Investec. As a Sice, ING can recommend offshore funds but can not sell them however, it can direct clients to one of five bank networks. Taiwan's Financial Services Commission has authorized 16 of Pioneer's Luxembourg-domiciled funds to be sold there.

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222