Customers were delaying long-term investment decisions due to the uncertain market environment, the bank said.
Category: Industry trends
Fund churning persists in China
Funds launched during the first quarter had massive outflows in the second quarter.
DBS PB sees a rise in digital transactions
In a media briefing the Singapore-based firm emphasised the importance of its DBS iWealth app in its future growth.
Chinese investors snub bond, money market funds
Meanwhile, newly launched equity funds have continued to attract assets from investors.
Thai investors remain cautious
Of the different foreign investment funds sold in Thailand, global bond funds attracted the most money during the second quarter, according to a Morningstar report.
HK and UK-based boutique targets international clients
It has taken over Strabens Hall’s business in the SAR and works closely with the firm in the UK.
Amundi and OCBC co-brand for mixed-asset product
Several other firms in Singapore are also expected to launch multi-asset products.
Webinars: are solo presentations enough?
Manulife IM shares its experience on which webinar formats were most accepted by its distribution partners.
NB partners with mainland firm in onshore fund launch
Neuberger Berman will act as an advisor for a PFM product.
Lu International gains HK licences
The subsidiary of China online wealth management firm Lufax can now tap Hong Kong retail customers after receiving regulatory approval.
