Blackrock reports $80bn of net inflows during the first quarter; L&I products in Hong Kong receive warm market response; Northern Trust upgrades developed and emerging markets economic outlook; more fund managers allocate more in Eurozone equities, according to a BofA Merrill Lynch report; SFC bans a bank manager for stealing; and others…
Author Archives: Fund Selector Asia
Citi PB promotes Bacon to head of investments
In two internal appointments, Roger Bacon will take over as head of investments for APAC and Adam Proctor will succeed him as head of managed investments and advisory for APAC at Citi Private Bank in Hong Kong.
Report: China’s $435m wealth management scandal unfolding
About 150 private banking clients of China Minsheng Bank’s Beijing Hangtianqiao sub-branch may have bought fake wealth management products that total as much as RMB 3bn ($435m), according to mainland media.
CCB: WFOEs have low chance of success in China
The path to success in China for a foreign fund management firm is the joint venture with a Chinese firm, argues Xianzhou Jiang, vice chairman and CEO of China Construction Bank (Asia), even though wholly foreign-owned enterprises (WFOEs) are now allowed to launch investment products on the mainland.
FSDC proposes new structured products
Hong Kong’s Financial Services Development Council (FSDC) recommends broadening of the domestic listed structured product range by introducing yield enhancement, participation and capital-protected products.
NB poached China head from HFT
Neuberger Berman appointed Patrick Liu as the head of China and general manager of its new Shanghai office.
Blockchain to improve asset pricing process
Blockchain will make the asset pricing process of portfolio managers faster and more accurate by bringing various data sources in sync, said Liang Hu, head of emerging technologies centre at State Street.
UBS AM eyes the onshore China market
UBS Asset Management has launched a Hong Kong mutual fund platform, setting sights on distribution into onshore China market, said Markus Egloff, head of wholesale client coverage for Asia ex-Japan.
Amundi joins the China chorus
The firm has become `reasonably constructive’ on mainland equities after multiple years of underweighting China, according to Romain Boscher, global head of equities, based in Europe.
Investec sees structural changes in commodity companies
Instead of focusing on growth, the commodity and resources sector now stresses profitability, said Investec’s Tom Nelson.
