UBS Wealth Management is recommending clients allocate up to 20% of their assets to hedge funds as a diversifier, especially in an environment where interest rates and volatility are increasing, according to the firm’s executives.
Author Archives: Francis Nikolai Acosta
Francis is editor for Fund Selector Asia, covering the asset and wealth management industry in Asia. He joined Last Word Media in November 2016 as a senior journalist and became deputy editor in 2019. Previously, he was a reporter at Ignites Asia, A Financial Times service, also covering the region's asset management industry. He has a Master's degree in journalism from The University of Hong Kong.
Are Asia’s wealthy inching into DPM?
Private bank and wealth management clients in Asia are slowly putting more money in discretionary mandates, but they still account for a small portion of assets under management, according to Pictet WM and Deutsche Wealth.
Investors missing correlation alert, says NB
As correlation between stocks and bonds increases, Neuberger Berman’s multi-asset and quantitative team has made several changes to portfolios, according to Erik Knutzen, the firm’s New York-based chief investment officer for multi-asset class strategies.
China equities get neutral rating from BOS
China’s credit bubble and a possible trade war with the US has put the bank between bull and bear, according to Lousia Fok, China equity strategist at Bank of Singapore.
HK’s Haitong branches into Japan, US funds
Hong Kong-based Haitong International Asset Management is expected to launch three equity funds, including China-A share and US-focused products, according to records from the Securities and Futures Commission.
In case you missed it (25 May 2018)
BoS says cancelled Trump-Kim summit “a long Korean drama series”; hackers impersonate the Monetary Authority of Singapore; Blackrock’s APAC head of stewardship to retire; Japan’s Sumitomo Mitsui AM and Daiwa SB plan merger; Schroders acquires minority stake in fintech wealth platform; Asia to issue $600bn in green bonds by 2023; and more…
What is lacking in Hong Kong’s ETF market?
Assets in Hong Kong’s ETF industry have grown threefold in the last 10 years, but the market remains small and lacks product diversification, according to Mohamed M’Rabti, Brussels-based head of ETFs at settlement firm Euroclear.
How HK’s tracker fund became more Chinese
The changing exposure of Hong Kong’s flagship equity ETF to Chinese large cap companies illustrates ever closer financial and economic ties between the territory and the mainland.
Maybank AM completes PNB acquisition
Malaysia’s Maybank Asset Management has completed its acquisition of Permodalan Nasional Berhad’s (PNB) Malaysia and Singapore fund businesses, according to a statement from the firm.
J Safra Sarasin in U-turn on Japan equities
Bank J Safra Sarasin has drastically changed its view of Japan equities from being optimistic on the asset class six months ago, according to Philipp Bärtschi, the private bank’s Zurich-based chief investment officer.
