Kuala Lumpur-based CIMB-Principal Asset Management has received additional quota enabling the firm to invest in China’s onshore markets, according to latest records from the country’s State Administration for Foreign Exchange (SAFE).
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.
The long road toward ESG integration
Integrating ESG in the investment process is easier said than done and will vary from one team to another, according to industry sources.
The promise of absolute return strategies
Absolute return fixed income strategies are meant to be a component of a portfolio that reduces overall risk, according to Alex Johnson, BNP Paribas Asset Management’s New York-based head of multi-strategy for absolute return fixed income.
Advisor trust a key issue for HK’s affluent
Only 24% of Hong Kong’s rising affluent trust financial advisors, which compares to around 45% of those in the US, according to Michael Fong, managing director at Charles Schwab in Hong Kong.
Outflows continue for northbound MRF products
April marked five consecutive months of net outflows for Hong Kong-domiciled funds sold in China through the Mutual Recognition of Funds (MRF) scheme, according to the latest data from the State Administration of Foreign Exchange (SAFE).
Study: Asia’s HNWIs expect outsized SI returns
High net worth individuals in Asia put strong returns ahead of building a better world when it comes interest in sustainable investment (SI) products, according to a survey conducted by Standard Chartered.
In case you missed it (1 June 2018)
HK’s SFC fines Hang Seng IM HK$3m; Singapore investors lose $5.83m from trading with unlicensed platforms; Investec names new head of Southeast Asia institutional business; SSGA hires from Lazard AM; Lasalle IM acquires Aviva’s real estate business; More MSCI inclusion commentaries; and more…
HK moves on discretionary disclosure
New disclosure rules issued by the Securities and Futures Commission for discretionary accounts are seen as a positive move toward increasing transparency for investors, according to industry sources.
Noah eyes expansion to Singapore
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
