Singapore bucked the trend as average wealth rose, whereas in Hong Kong it was down slightly.
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Originally from the UK, Thomas is a financial journalist with over 10 years’ experience including nine in Asia. He began his career at Euromoney Institutional Investor, completing the graduate scheme and going on to establish the Asia bureau for IJGlobal, the world’s foremost source of intelligence on the project finance market. After a stint at KPMG, he joined International Financing Review, which was originally owned by Thomson Reuters and later Refinitiv, where he managed the people & markets section in Asia. He joined Bonhill Group as regional editor for Asia in 2022, which includes oversight of Fund Selector Asia. He is a graduate of the University of Cambridge. Connect with him on LinkedIn here.
Singapore bucked the trend as average wealth rose, whereas in Hong Kong it was down slightly.
Sheldon Chan also details the reasons for the fund’s outperformance so far this year.
Zhongrong International Trust failed to make payments on its wealth management products, according to reports.
The fund aims to provide investors with regular income, capital appreciation and diversified exposure to the Hong Kong market.
High yield managers are looking instead at Macau gaming, Indian renewable energy and Indonesian corporate credits.
Wei Li also explains why investing in investment grade credit is a ‘straightforward’ call right now.
According to Morningstar Direct data, inflows to Japan funds in July hit their highest level since December.
The Singapore-based digital wealth platform has onboarded funds from AllianceBernstein, HSBC and Franklin Templeton.
The Singapore-headquartered digital wealth adviser tapped Citi Ventures and MUFG Innovation Partners for funding.
Fullerton had earlier signed a strategic partnership with Indonesia’s Stockbit.
Part of the Mark Allen Group.