Shanghai-based wealth manager Noah Holdings also saw net loss in the fourth quarter of 2020, due to the Camsing settlement.

Shanghai-based wealth manager Noah Holdings also saw net loss in the fourth quarter of 2020, due to the Camsing settlement.
Investment advisers in the UAE are upbeat about Indian equities and recommend exposure to mutual funds.
The portfolios are comprised of funds managed by JP Morgan AM, Natixis IM’s Mirova, Pimco, Schroders and UOB Asset Management-Robeco.
The Swiss-based asset manager is focusing on the potential of the wealth management connect scheme.
Seventeen fund managers are on the list, with Pictet Asset Management and Allianz Global Investors having the most number of ESG or green funds.
68% of firms in the sector said they will benefit from the launch of the scheme.
Index-linked equity funds are gaining popularity in Asia as enthusiasm for active funds wanes, according to a report by a global funds network.
Launched in October, the ESG product alone raised $512m.
The US passive fund specialist will concentrate on developing its investment advisory business.
The firm has appointed two China co-heads to lead its retail and institutional businesses in the mainland.
Part of the Mark Allen Group.