International investors will be able to take a 100% stake in Vietnamese companies when the country scraps its foreign ownership limits in September, which T. Rowe Price’s Oliver Bell said will remove reluctance to invest in the market.
Category: Markets
China this week – Financial Markets Analysis
What the mainland press is talking about: One belt, one road is riddled with risk; QFII and RQFII approvals for May; Bank of China plans to launch small-mid cap A-shares fund.
Aviva Investors unveils multi-strategy fund in Australia
The Aviva Investors Multi-Strategy (AIMS) Target Return Fund aims to deliver a return of 5% per annum above the Reserve Bank of Australia’s base rate over any rolling three-year period, the firm said. The current Australian base rate, called the cash rate, is 2.25%. “No matter who they are, investors want simple and specific outcomes […]
Baring warms to Korean market
The US and China provide some benefit to Korean corporates, Hyung Jin Lee, head of Asian equities, wrote in a recent research note. As the US economy expands, Korean exports should pick up. Another tailwind is the increasing number of Chinese tourists visiting the country. “In 2014, Chinese residents visited Korea more than any other […]
HK, China mutual recognition of funds to take off 1 July
The Securities and Futures Commission and the China Securities Regulatory Commission today said they have signed a cooperation pact for the initiative and agreed on the implementation principles. “The mutual recognition of funds initiative is a major breakthrough in the opening up of the mainland’s funds market to offshore funds,” the SFC’s chairman Carlson Tong […]
Manulife adjusts Korea, India holdings
“We trimmed exposure to India and Korea as we were concerned after the run-up [in markets]. We had different instances when target prices on stocks were reached,” said Csellak in an interview with Fund Selector Asia. Volatile Korea Korea with a 20.7% weighting and India (17%) were still the top country allocations of the Manulife Asian […]
Central bank action would boost cheap Korean equities
About 50% of Korea’s GDP is dependent on exports, which have been declining this year, according to Aidan Yao, senior emerging market economist at Axa Investment Managers. Weak external demand from the US is one reason why exports are falling. Also, Korean companies are strong competitors with their Japanese counterparts and the strengthening of the […]
Thomas Miller issues China warning
According to Herberts, China’s stock market is exhibiting signs of being in bubble territory as investors flock to get a piece of it. “With China having enjoyed a significant bull run recently, is the bubble about to burst?” he asked. “The Shenzhen and Shanghai markets have more than doubled in a year, and the Shenzhen […]
Northern Trust sets up sales and client service team in Australia
The firm said it has hired BlackRock’s former vice president, Shane Teunissen, as senior institutional sales manager. Teunissen has more than 14 years of industry experience working across Australia and New Zealand. In addition to Teunissen’s appointment, the firm has named Ann-Marie Garry as sales associate. She joined Northern Trust following its acquisition of Bank […]
Indian market delivers
India has been many wealth managers’ tip for 2015; so far so good but are rate cuts really the way forward?
