The aggressively expanding firm has a strategy to build distribution relationships in the mainland, said Warren Tonkinson, managing director, of Old Mutual Global Investors.
Category: Industry views
The EMpire strikes back?
The outlook for emerging markets is becoming more stable as falls in currency, oil and other commodity prices – added to a soft landing for China – continue to ease, argues Tai Hui, chief market strategist Asia at JP Morgan Asset Management.
Mirae: Firm expansion hits regulatory hurdles
The patchwork of global financial regulations present a key challenge when an asset manager wants to expand, said Mirae Asset Global Investments (HK) president and CEO Jung Ho Rhee.
E Fund: China’s potential tightening poses risk
Minor tightening in China’s monetary policy could pose big risks for onshore bond investments, said Jeffrey Qi, portfolio manager at E Fund Management in Hong Kong.
Charles Schwab: US bull run not over
US equities and bonds are yet to peak as the former is supported by solid economic growth and the latter by global demand, said Peter Yiu, portfolio management associate director at Charles Schwab Hong Kong.
Wells Fargo: China concerns `overstated’
The market has priced in the possibility that China will have an economic hard landing, but Wells Fargo Asset Management senior portfolio manager Anthony Cragg said the worries are overstated and China is undervalued.
Chinese II money pours into money market funds
With higher yield than bank deposits, Chinese money market funds have for the first time attracted more institutional money than retail, according to Fitch Ratings.
EFGAM: A volatile 2016 is not as bad as it seems
Investors will have to be much more nimble with decisions due to political risks ahead, but Brexit hasn’t clouded the outlook, said Daniel Murray, chief economist and head of research of EFGAM’s wealth management business.
First State, UBS AM announce Asia hires
First State has appointed Kelley Foo as a portfolio manager within the multi-asset solutions team and, separately, UBS AM has named the Asia-Pacific head of fixed income.
Higher sector risk after Singapore bond defaults
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.
