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.
T Rowe makes leadership transition in APAC distribution team; Schroders’ HK CEO to return to Australia; fintech firm AG Delta poaches JP Morgan Private Bank’s tech exec; Fidelity partners with China AMC and Ant Fortune; Aviva Investors launches fixed income fund in Singapore; and more…
Global asset managers are setting up in China, but lack of an onshore track record and brand recognition are among the challenges they face with onshore distribution, according to Aberdeen Standard and Fullerton.
After its launch in Asia in April, UBS Wealth Management’s sustainable cross-asset portfolio has gathered $100m (CHF$100m) in assets from Asia-Pacific clients, according to the bank’s executives.
HSBC Global Asset Management, China Asset Management and E Fund Management are expected to launch fixed income funds in Hong Kong, according to records from the Securities and Futures Commission.
Manila-based Security Bank Philippines has launched two feeder funds that invest in low cost ETFs managed by Vanguard.
APAC-domiciled passive fund sales outpaced actively-managed products during the second quarter, according to a report by Broadridge Financial.
Chinese authorities have simplified procedures for Taiwan professionals to work in the fund industry and are now offering the exams in English.
Madrid-headquartered Allfunds believes more Asia-based wealth managers intend to increase outsourcing of investment advisory services, according to Alexis Fosler, Singapore-based general manager for Asia.
Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.
Asset growth in China’s money market funds is expected to slow, while India may see a period of consolidation among its robo-advisors, according to Boston-based research firm Cerulli Associates.
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