In connection with a potential second US dollar sukuk, the government said it has given several mandates. HSBC and Standard Chartered Bank are joint global coordinators, joint lead managers and joint bookrunners, and CIMB and National Bank of Abu Dhabi PJSC are joint lead managers and joint bookrunners. This month, the parties will arrange a […]
Author Archives: Drew Wilson
Drew Wilson is editor of Fund Selector Asia. Previously he was editor at a publication covering private equity.
BNY Mellon puts forward a provocative scenario
Don’t blindly accept the IMF’s “new mediocre” era of “low growth for a long time”. The synchronisation of rising economic growth in the US, China, Japan and India remains a plausible event, according to the bank’s research. BNY’s “G4 scenario” assumes that Japan’s average annual GDP growth is 2% for the remainder of the decade, […]
Jupiter is extending its UK orbit to Asia
The firm is largely unknown to retail investors outside its UK base, but client servicing, sales and marketing have expanded in Asia, and plans are underway for regionally-focused funds, said CEO Maarten Slendebroek.
Fixed income supply can’t meet epic demand, says BlackRock
Rieder, who was on visit to Hong Kong and China last week, said ten years ago there was a $4-$5trn net supply of fixed income each year. This year, the net supply will be $700bn, 15% of what was available a decade ago. “At the same time there is a huge aging population that needs […]
Does the US rate hike create an EM buying opportunity?
Current market volatility is due to uncertainty around the start date, Rieder said. He disagrees with conventional opinion that all emerging markets will be under pressure once the US Fed moves to hike rates later this year. Rieder believes a 25 basis point rate rise will come in September and further hikes will be cautious […]
Baring sees Stock Connect liquidity as proof of concept
Trading through the Shanghai-Hong Kong Stock Connect surged to its highest level last month since launching in November. In April, market turnover on the Hong Kong Exchange rose to an all-time high of HK$252.4bn ($32.6bn). There has been a lot of talk about north vs south capital movement, but Stevenson believes that has been overstated […]
OMGI continues Asia push amid tough competition
New fund launches, additional staff and Hong Kong-domiciled funds are part of the plan as the firm continues an aggressive Asia expansion, according to Warren Tonkinson, head of distribution.
Finding cold stocks in a hot region
AB likes to uncover cheap stocks that are out of favour, according to Stuart Rae, chief investment officer of Asia Pacific ex-Japan equities.
Study: Fund flows unlikely to roil EM economies
The last four years, emerging markets received $1.4trn in cumulative gross portfolio capital flows, but only around $200bn came from regulated funds, according to Christopher Plantier, ICI senior economist of industry and financial analysis, who authored the report. EM capital flow was analysed to put into perspective the size of regulated fund investment into those […]
What drives China’s A-shares?
Investing in cheap, high momentum or low volume equities, tactics that deliver a premium in developed and many emerging markets, does not show the same result in China’s A-share market, said Sunny Ng, head of portfolio strategists for Asia ex-Japan at State Street. According to State Street research into A-Shares, which was in the Journal […]
