Although general sentiment is pessimistic, JP Morgan Asset Management is awaiting approval to sell two funds to retail investors.
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Although general sentiment is pessimistic, JP Morgan Asset Management is awaiting approval to sell two funds to retail investors.
The recent turbulence in China and other parts of Asia represent a buying opportunity, says a fixed income fund manager at the firm.
Thirty offshore funds were liquidated last year, including 12 from Jupiter AM, which decided to exit the market.
The Guangzhou-based asset manager is ready to provide its second fund for Hong Kong’s retail investors.
Separately, JP Morgan AM brought a hedge fund with ESG factors to the region.
The firm believes that the spread of the coronavirus has “nominal impact” on its decision to launch funds.
Mirova, a Natixis affiliate focused on ESG products, intends to join rival firms by launching a sustainable equity product.
Fintech investments in China totaled about $4.5bn last year, about one-fifth of the amount in 2018, according to a report by KPMG.
China’s consumer-led growth trajectory will endure despite the current problems, and there are still investment opportunities in key sectors, according to Newton Investment Management.
Major events have been cancelled, but some firms are looking at alternatives for small-scale gatherings, such as teleconferencing.
Part of the Mark Allen Group.