Interest is in robo-advisors and blockchain-enabled capability around asset management, according to a KPMG report.
Category: Industry trends
Fitch warns on China’s wealth management products
The sharp increase in wealth management products to $3.6trn raises credit and liquidity risks at Chinese banks, the ratings firm said.
Wealth management fees hit 5-year high in Singapore
Wealth management fees more than doubled between 2010 and 2015 at Singapore’s three banks, as Asia Pacific surpassed North America as home to the largest number of high net worth individuals.
BEA: China’s HNWI client base increasing in Hong Kong
Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
HK leads globally in fintech adoption
Hong Kong has the highest rate of financial technology use of all markets surveyed, according to an EY survey report.
BlackRock signals trend by buying robo-advisor
The world’s largest asset manager said it will buy online wealth management firm FutureAdvisor.
Asia investors’ ETF appetite growing
Asian institutional investors plan to further raise exposure to passive products over the next year, according to a survey by Deutsche Asset & Wealth Management.
ASEAN markets opening for foreign distribution
As China and Hong Kong unlatch the gate for cross-border fund distribution, regulatory changes in markets such as the Philippines and Malaysia are also opening for retail mutual funds, according to Cerulli Associates.
Asia’s ETF assets rise in first half
The assets under management of exchange traded funds and products listed in Asia-Pacific ex-Japan rose by 4.3% to $123bn during the first half of the year, according to ETFGI.
Big data to influence product manufacturing: Cerulli
Digital disruption is upending the wealth management industry and it could also have an impact on the product manufacturing process, according to Cerulli Associates.
