This will allow the company to "pursue acquisitions in an asset light format", according to IHCL, which will manage the assets.
Rubenstein argued the worst has passed when it comes to issues negatively affecting the appeal of emerging market economies – such as commodity price declines, corruption and a lack of transparency, as well as the dearth of viable deals.
Matt Brown, executive general manager of advice at Australian Unity, said the research highlights the difference good advice makes to the quality of people's lives.
The money market fund, which was launched in March, invests primarily in Hong Kong dollar, US dollar, and RMB-denominated debt instruments with short maturities.
Libby Newman, executive director, Lonsec Research said with award nominations getting more competitive each year, and 2019 no exception, AB’s results were commendable.