India’s resilient consumer spending has insulated the country from the financial turmoil raging on in China and other emerging markets. Fuelled by domestic consumption, India continues to grow while other emerging regions – such as ASEAN – are struggling with over-production and under-consumption.
T.Rowe Price has appointed Elsie Chan as its Asian head of intermediary sales (ex-Japan, ex-Australia).
Although market sentiment remains fragile, industry sources say that markets will be able to withstand a 25-basis-point increase in policy rates.
Neuberger Berman is looking to capitalise on liquidity in the Asian debt space with the launch of a flexible fixed income mandate.
Despite the volatility in Chinese equity markets this year, industry sources say that they still like China – both from a regional and global context.
East Capital, a Sweden-based asset manager, specialising in emerging and frontier markets, said it won a landmark case in the Cayman Islands defending the rights of minority shareholders.
Industry sources are cheering the set of new stimulus introduced last week by several emerging countries to address slowing growth. The Chinese government reduced the minimal down payment for first-time home buyers while India’s central bank unexpectedly reduced its repo rate from 7.25% to 6.75%.
Mining and resource funds are coming under pressure after industry players assaulted Glencore’s share price on 28 September 2015.
In an environment where financial markets are experiencing not just a summer cold, but a serious bout of fever – fund houses are prepping themselves to move in when the perfect storm forms.
Buying into India is a bet that is becoming increasingly popular with fund houses as the shine on Brazil, Russia and China starts to fade.
Part of the Mark Allen Group.
