Nancy Qu, Author at Fund Selector Asia

Franklin Templeton receives QDLP license

The firm received its licence four years after it established a WFOE in China.

The firm revealed several role changes indicating a streamlining of operations.

However, a concentration in China’s tech giants will become more common, according to an Invesco fund manager.

Low interest rates and market volatility have encouraged asset managers to launch income funds in the region.

In a move that signals optimism, the firm joins several others in readying multiple funds for sale to retail investors.

Investment grade bonds can be utilised as a defensive asset and they have a better yield than money market funds, according to the firm.

In 2020 alone, UBS AM has introduced seven onshore funds for sale to China’s domestic investors via the PFM scheme.

Natixis affiliates, Fullerton Fund Management and HSBC have products in the regulatory pipeline.

The bank’s third key hire in 2020 will help shape asset allocation calls for clients.

The bank hired UBS Wealth’s Asia-Pacific head of wealth planning.