Union Bancaire Privée (UBP) has set up a new asset management unit in Taiwan after gaining a Securities Investment Consulting Enterprises (SICE) business license in late 2018.

Union Bancaire Privée (UBP) has set up a new asset management unit in Taiwan after gaining a Securities Investment Consulting Enterprises (SICE) business license in late 2018.
US equity valuations have become cheaper, but investors can find more value elsewhere, argues Norman Villamin, Zurich-based chief investment officer for private banking at Union Bancaire Privée.
The local equity market seems to be recovering this year after falling 16% in 2018.
Taiwan investors poured $2.2bn into renminbi bonds last year and fixed income products accounted for 80% of net inflows, according to data from Morningstar Direct.
Manulife Asset Management and Trust has launched seven mutual fund products in the Philippines since the firm was set up last year.
All markets in Asia-Pacific saw growth in AUM for ETFs in the first half of 2018, except Hong Kong and Singapore, according to Cerulli Associates.
The acquisition will enable the French firm to develop onshore funds in Taiwan.
More domestic equity funds in Japan outperformed their benchmark indices than foreign equity funds, according to an S&P Dow Jones Indices report.
But Eastspring and Pinebridge had some of the highest outflows, according to year-to-date figures from Morningstar.
The deal will help the Swiss firm access more local high net worth clients.
Part of the Mark Allen Group.