Asset managers believe that the country’s bond defaults are a concern, but stopped short of saying they would spread outside the energy-related sectors.
Author Archives: Fund Selector Asia
SFC: Hong Kong PB AUM rises sharply
Hong Kong’s private banking business shot up 18% to HK$3.7trn ($473bn) last year while asset management AUM fell by 4%, a Securities and Futures Commission survey has found.
In China, passive outdoes active
FE data shows that over the trailing three years, more passive China equity funds than actively-managed ones had returns of 20% or more.
ICBC and Wisdomtree plan China ETF launch
ICBC Credit Suisse Asset Management (International) and Wisdomtree Investments plan to a European launch of an ETF tracking the S&P China 500 Index.
HEAD-TO-HEAD: China Merchants Antai vs UBS SDIC
Fund Selector Asia compares two China onshore funds, the China Merchants Antai Bond Fund and the UBS SDIC Stable Income Fund.
Robeco sets up Singapore office
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately, New York Life IM is opening a Japan sales office.
Singapore to act against four banks over 1MDB scandal
Singapore’s MAS plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Despite returns, QDII quota in demand
Domestic market volatility and currency concerns are driving demand for QDII quota, which allows offshore investment, but authorities have shut the door on new quota.
StanChart sees EM currency slide coming
Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
China’s CSOP in L&I ETF launch
In Hong Kong, CSOP Asset Management has launched a pair of leveraged and inverse exchange-traded products tracking India’s Nifty 50.
