The job market is unfavourable for non-locals in both private banking and asset management in Taiwan, according to Roy Lee, Taipei-based senior consultant for financial services and asset management at recruitment firm Aquis Search.
Category: Markets
Hong Kong’s private wealth assets grow by 9%
Hong Kong’s private wealth management assets reached HK$5.2trn ($670bn) in 2016, growing by 9% and increasing their share of the overall fund management business in the territory, according to a report by the Securities and Futures Commission.
Singapore in scramble for more bond investors
As the HK-China Bond Connect launches, Singapore plans to address its shallow bond investor pool by subsidising the cost of credit ratings from global agencies.
Manulife to launch funds in the Philippines
Manulife has received authorisation from Bangko Sentral ng Pilipinas (BSP), the country’s central bank, to operate as a trust corporation, enabling the firm to distribute mutual funds in the Philippines.
Philippine HNWIs maintain strong home bias
A preference for local investment products limits investor allocation to feeder funds, according to industry sources.
In Japan, focus on government-backed disruptive tech, says OMGI
Japanese companies are world leaders in several disruptive technologies, and the government is behind them, said Old Mutual Global Investors’ portfolio manager Rob Weatherston.
Are Chinese equities in synch with other markets?
In a look-back at Chinese equity funds, FSA examined correlation of the sector’s returns with several other geographic sectors of mutual funds available for sale in Hong Kong.
Hong Kong tops global competitive ranking
Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.
Taiwan’s Taishin enters ETF arena
The Taiwan Stock Exchange has approved Taishin Securities Investment Trust’s application to launch three ETFs that track MSCI indices, according to a statement from Taiwan’s bourse.
Taiwan to allow local PE funds
Taiwan is expected to allow local fund managers to set up private equity funds, according to Jeff Chang, chairman of Taiwan’s Securities Investment Trust and Consulting Association (Sitca).
