Shanda Group, Legg Mason’s largest shareholder, plans to boost its stake in the US-listed asset manager by 5% and appoint two board members as part of a long-term strategic investment agreement.
Author Archives: Fund Selector Asia
Allfunds plans Asian expansion from new Singapore hub
Mutual funds platform operator Allfunds Bank has announced plans to expand across Asia by launching an operational hub in Singapore to service a new local business, which will open early next year, as well as businesses in Hong Kong and Taiwan.
State Street’s Anderson targets US value stocks as growth dips
Global growth will struggle in 2017 and investors are advised to move away from expensive sectors and pivot to those that offer value, according to Kevin Anderson, State Street Global Advisors’ Hong Kong-based head of investments for Asia Pacific.
HK rolls out internship programme in latest fintech push
The Hong Kong Monetary Authority and the Technology Research Institute have rolled out a programme that provides fintech internships for undergraduate and postgraduate students, as part of its latest move to become Asia’s leading fintech hub.
SFC sets new rules for senior management oversight
Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC) on Friday.
Greater transparency tops wealth manager’s challenges in 2017
The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.
OMGI’s Weatherston positive on Japan equities
Valuations of Japan equities have become more attractive compared to other developed markets, and Abenomics has helped drive up corporate profits, according to Rob Weatherston, Old Mutual Global Investors’ Hong Kong-based portfolio manager of the Old Mutual Japanese Equity Fund.
Onshore WFOE approvals speed up
While more investment management wholly foreign-owned enterprise licenses have been approved by China recently, some fund managers are way ahead.
Singaporean HNWIs hold more cash than HK counterparts
High-net-worth individuals in Singapore hold more amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
Asia’s wealth managers on 2017
FSA asked Asia’s fund selector community for their opinions on key issues coming in 2017. We present views from Hang Seng, Mercer, Tri-Lake and OCBC.
