Indonesia, India and the Philippines, by contrast, are more removed from the turbulence but are suffering from currency vulnerability due to current-account deficits.
SPF Group is a small fund manager that counts Joshua Fink, the son of BlackRock founder Larry Fink, as one of its partners.
The fund has invested about NZ$5 billion (US$3.38 billion), or 13% of its investment portfolio, in domestic assets, including local shares and infrastructure projects.
“Additionally, both companies are looking to provide greater opportunities to employees, an enhanced client experience and to allow our respective communities to flourish together.”
First stop is Regal Funds Management, then established players like K2 Asset Management and Watermark Funds Management, and then it's back home after a few days scattered with one-on-ones among the small handful of other local hedge funds.
Bond Connect, which was launched in July 2017, is a cross-border initiative which allows foreign investors in Hong Kong to access China’s onshore interbank bond market.
British drugmaker Shire is being acquired for $62 billion in Japan’s biggest-ever overseas purchase, and a consortium led by SoftBank Group bought a stake in Uber Technologies for $7.7 billion. ,
NaviCom International Investment chairman Alistair Mitchell said: “As a major financial centre, Singapore is recognised for its quality governance controls over a well-developed capital market and financial system."