RBC Global Asset Management has appointed former Deutsche AWM managing director Ken Tam to serve as head of Asia.
Author Archives: Albert Sun
China this week – Fund Analysis
A roundup of the week’s asset management industry news from mainland publications.
Yuan SDR inclusion delayed to 2016
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
China’s soft landing fund
Even the top five performing China funds dropped during the market correction, but one product from Allianz clearly had less downside.
China this week – Fund News
A roundup of the week’s asset management industry news from mainland publications.
PBOC: China to open FX market to foreigners
Yi Gang, deputy head of China’s central bank, said that qualified foreign institutions will be allowed to enter China’s FX market in order to bridge the gap between the yuan’s onshore and offshore rate.
RMB’s SDR inclusion still likely this year
Axa IM believes China’s RMB currency stands a good chance of being included in the Special Drawing Rights this year despite an IMF report interpreted by many as a delay until next year.
Pictet builds cash holdings
Pictet Asset Management is reducing equity exposure and raising cash holdings as the expected US rate hike approaches.
China’s Noah reports profit jump
Nasdaq-listed Chinese wealth manager Noah Holdings is expanding its relationship manager team as the firm reports a jump in Q2 net profit, according to CEO Jingbo Wang.
Younger Chinese investors are comfortable with risk
Chinese investors in the 18-39 age group prefer high yield products and are more aggressive and confident in their investment choices than older mainland investors, according to a survey report by Legg Mason.
