US-Malaysian joint venture Principal Asset Management plans to merge its two digital investment apps in Thailand into a “super app” in order to give users a “holistic” view of their portfolios, according to Juan Ignacio Eyzaguirre, the company’s Southeast Asia chief executive officer.
One of the apps allows users to track performance of their mutual funds and the other enables them to track performance of their retirement funds.
“Our objective now is to merge both apps into a super app in the fourth quarter of this year. By integrating the two apps, users will be able to have a holistic view on their investment portfolios. We hope to be able to serve our clients better with the integration,” Eyzaguirre says in an interview with
Principal Asset Management Southeast Asia CEO Juan Ignacio Eyzaguirre says the company plans to add a bond fund and an equity fund on digital platform.
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MUMBAI: The benchmark 10-year bond yield elevated on Thursday to its highest level in a week as the outcome of the first tranche of the Reserve Bank of India s bond-purchase programme disappointed traders while inflation concerns also weighed.
RBI purchased 250 billion rupees ($3.33 billion) worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying 1 trillion rupees worth government paper between April and June to aid the absorption of the centre s massive 12.06 trillion rupees borrowing in 2021/22. Traders were hoping the RBI would buy more of the 10-year paper. It bought only 75 billion rupees of that bond versus expectations of nearly double that amount, a senior trader at a private bank said.
Outcome of first tranche of RBI s bond-purchase programme disappointed traders
The benchmark 10-year bond yield elevated on Thursday to its highest level in a week as the outcome of the first tranche of the Reserve Bank of India s bond-purchase programme disappointed traders while inflation concerns also weighed. RBI purchased Rs 25,000 crore worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying 1 trillion rupees worth government paper between April and June to aid the absorption of the centre s massive 12.06 trillion rupees borrowing in 2021/22. Traders were hoping the RBI would buy more of the 10-year paper. It bought only Rs 7,500 crore of that bond versus expectations of nearly double that amount, a senior trader at a private bank said. The RBI has repeatedly assured investors of maintaining ample liquidity in the banking system and doing whatever is required to ensure that the government s borrowing programme sail