Most fund managers in Asia add value compared to their counterparts in developed markets because they personally visit companies across Asia’s diverse landscape, said Todd James, head of investment services and advisory at Lombard Odier in Hong Kong.
Author Archives: Drew Wilson
Drew Wilson is editor of Fund Selector Asia. Previously he was editor at a publication covering private equity.
Legg Mason developing liquid alternatives
In line with the move to more customised strategies, Legg Mason is trying to develop alternative products in asset classes such as private equity and real estate that also have the daily liquidity investors crave, said Joe Sullivan, the firm’s chairman and chief executive officer.
US and EM valuation split
A large valuation gap between emerging markets and the US is mainly sentiment-driven, creating opportunities to selectively pick next-cycle winners, said Joshua Crabb, head of Asian equities at Old Mutual Global Investors, who was plucked from BlackRock in September.
Most Korea funds struggled in 2014
Only two Korea-focused funds over the past 12 months have reported positive returns, according to data from FE.
Nasdaq interest sparked by stock connect
Nasdaq intends to build partnerships, roll out education efforts and convince Asia’s retail investors to take exposure to exchange traded funds, said Rob Hughes, head of index and advisor solutions at Nasdaq.
Absolute return appetite emerging
Volatility in global markets has nudged private bank clients toward absolute return type funds, said Edmund Yun, executive director, head of investment for Asia at BMO Private Bank.
BMO Fund houses coming to Asia
Offshore fund houses attracted by the growing wealth in Asia are setting up in the region, but not all distinguish themselves from competitors, according to BMO Private Bank’s Edmund Yun.
High yield China CoCo bonds require caution
Chinese banks are offering contingent convertible bonds that can provide yield similar to high yield property products, but carry commensurate risk that isn’t always obvious, said Martyn Simpson, principal at Mercer in Singapore.
HSBC China multi asset fund
HSBC Global Asset Management is launching a multi-asset China-focused fund that will partly invest through the Hong Kong-Shanghai stock connect.
Stock connect to launch in one week
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November 17.
