The high minimum amount to open a private bank account is creating opportunities for small boutique wealth managers, according to Simon Parfitt, director at Hong Kong-based Pyrmont Wealth Management.
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.
Blackrock’s onshore China fund creates fee pressure
Blackrock’s first private securities fund launched onshore in China has adopted a low-fee strategy to attract domestic high net worth and institutional investors.
Asia’s fund selectors sour on emerging markets
Data collected by FSA shows a significant decline in sentiment toward global emerging market equities and Asia-Pacific ex-Japan equities among fund selectors in Hong Kong, Singapore, Thailand and Malaysia.
HEAD-TO-HEAD: Blackrock vs UBS AM
FSA compares the BGF China Fund and the UBS (Lux) China Opportunity Fund.
In case you missed it (27 July 2018)
Standard Chartered PB names new EMEA head; Are fine wines good alternative investments?; ex-SFC Alexa Lam resurfaces at ICI Global; Aviva Investors creates institutional sales role for Australia; Franklin Templeton hires new EM portfolio manager; global hedge funds see outflows in June; and more…
Investors find Chinese companies ‘difficult’
An overwhelming 98% of global investors said they have difficulties engaging with onshore Chinese companies, and a majority do not agree with the recent A-share inclusion on the MSCI, according to a survey conducted by the Asian Corporate Governance Association (ACGA).
After China, Eastspring sets up in Thailand
Eastspring Investments has reached an agreement to acquire 65% of Bangkok-based TMB Asset Management from TMB Bank, with the option to increase its ownership to 100%.
NB searches for quality as EMs sell-off
Emerging market equities are down this year after double-digit growth in 2017, but Conrad Saldanha, New York-based portfolio manager for emerging market equities at Neuberger Berman, remains optimistic.
Why Loomis Sayles shuns Apple in its growth funds
The firm prefers companies that benefit from high barriers to entry, and Apple, despite being a popular growth stock, does not meet that criteria, according to Hollie Briggs, Boston-based vice president and product manager for growth equity strategies.
Fund favourite Ping An tumbles in 2018
Ping An Insurance, a stock held by hundreds of mutual funds and ETFs in the region, has fallen 10% in 2018. What risks does the company face?
