Madrid-headquartered Allfunds believes more Asia-based wealth managers intend to increase outsourcing of investment advisory services, according to Alexis Fosler, Singapore-based general manager for Asia.

Madrid-headquartered Allfunds believes more Asia-based wealth managers intend to increase outsourcing of investment advisory services, according to Alexis Fosler, Singapore-based general manager for Asia.
Operations in Taiwan and Korea, increasing its stake in its China joint venture and launching more products across Asia are among the firm’s aspirations in the region, according to the firm’s executives.
Wider adoption of responsible investing principles is unlikely to send investors crowding into the same high quality assets because ESG is not standardised, according to Taie Wang, deputy head of research for global equity beta solutions at State Street Global Advisor Asia.
T Rowe Price has increased allocation to bank loans across its high yield strategies, according to Gregor Dannacher, Baltimore-based fixed income portfolio specialist.
The boutique wealth and asset manager plans to launch a CLO bond fund and hopes to take advantage of Singapore’s new fund structure, according to Federico Cristina, the firm’s investment manager.
The high minimum amount to open a private bank account is creating opportunities for small boutique wealth managers, according to Simon Parfitt, director at Hong Kong-based Pyrmont Wealth Management.
Emerging market equities are down this year after double-digit growth in 2017, but Conrad Saldanha, New York-based portfolio manager for emerging market equities at Neuberger Berman, remains optimistic.
Despite recent ‘sweeteners’ to the new asset and wealth management guidelines, the wealth management industry will likely consolidate as the new regs are adopted, according to Andrew Xia, chief research officer at NYSE-listed Chinese wealth manager Noah.
Gerard Lee, CEO of Singapore’s Lion Global Investors (LGI), shares his thoughts on ESG investing, the onshore China market and fee pressure.
The firm prefers companies that benefit from high barriers to entry, and Apple, despite being a popular growth stock, does not meet that criteria, according to Hollie Briggs, Boston-based vice president and product manager for growth equity strategies.
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