If the acquisition deal closes successfully, it will be the group's latest move in Cambodia, which is rising as the group's key Southeast Asian market
The WFOEs were initially limited to offering investment advisory services, but the government has since allowed licence-holders to access the onshore private fund business by registering as PFMs with AMAC.
The 15-year deal is estimated to be valued at up to $350 million, and covers Singapore, Hong Kong, China and Taiwan.
The move by the world's largest asset manager follows similar access to a key China market segment won by the China based units of Fullerton Fund Management, Fidelity International and Switzerland's UBS Asset Management during 2017.
US Federal Reserve is expected to raise interest rates three times next year and, as long as they are implemented gradually, they should prove positive