Other foreign private banks have also taken advantage of the growing wealth in Thailand.
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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.
Other foreign private banks have also taken advantage of the growing wealth in Thailand.
A number of Chinese firms have launched money market funds in Hong Kong this year as investors lean toward safe assets.
The firm’s AUM sourced from Asia-based clients accounts for around 55% of total assets.
The difficulty lies in the distribution side collecting information on complex products from asset managers.
Despite earnings disappointments, the risk of trade war escalation and key elections this year, now is the time to buy emerging markets equities, according to Robeco.
August Hatecke, co-head of wealth management for Asia-Pacific, will also assume the role of country head of Singapore and head of the Singapore branch.
The regulator now has teams assigned to supervise asset management sub-sectors, such as traditional, alternative or real estate, according to Lim Cheng Khai, executive director at the Monetary Authority of Singapore (MAS).
In Hong Kong and Singapore, private banks and wealth managers searched for income products, with a Pimco product the most viewed, according to data provided by Fund Info.
The firm is also overweight cash and it believes most fixed income assets do not have attractive returns.
Morgan Stanley IM and BNPP AM bolster multi-asset capabilities in Asia; Schroders creates global head of private assets role; Amundi acquires Mirae Asset’s Taiwan business; Global pension funds cut equities allocation; Bank of China (Hong Kong) warns against fraudulent website; and more…
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