More onshore managers are looking at Hong Kong as a place to launch offshore products.
Category: Markets
BOS nabs two for Philippines team
Bank of Singapore lured over two senior Credit Suisse execs to expand its Philippines team.
Lombard Odier expands in the Philippines with Union Bank pact
Lombard Odier has signed a strategic agreement with Manila-based Union Bank to offer investment solutions to onshore private clients in the Philippines.
China one year on: The renminbi keeps falling
A year after China’s one-off currency adjustment, there is still room for further depreciation of the renminbi against the US dollar, said Jade Fu, investment manager at Heartwood Investment Management.
Vontobel hires from Pine Bridge for Japan role
In his new role, Naohiko Tabei will target the Japanese institutional market with an emphasis on banks and insurance companies.
Survey: Investors give Japan high marks
Despite the uncertainty over the outcome of Abenomics, institutional investors are optimistic about structural reforms, according to a survey by BNY Mellon.
SSGA cuts Japanese, European equities to neutral
The downgrade follows expectations of limited further policy support in a negative rate environment, according to Thomas Poullaouec, managing director and head of strategy and research for Asia Pacific at State Street Global Advisors.
Chinese tourism is taking off
In a sponsored viewpoint, Mansfield Mok and Claudia Ching argue that although China’s economy may be slowing, this has not stopped consumers spending more to improve their lifestyles – travel and tourism being the biggest winners.
Korea Investment Corp names CIO
Shin-woo Kang previously served as the president and chief executive officer of Seoul-based Hanwha Asset Management.
Manulife: Chinese consumer spend spreading in Asia
The firm is buying “regional champions” with revenues driven by Chinese millennials, who are impacting consumer demand in Asia, said Ronald Chan, Manulife Asset Management’s chief investment officer of Asia ex-Japan equities.
