Avrio gets a license; AAM hires; Morgan Stanley triumphs; Pimco’s ESG variation; Losing money on Wall Street; FSM One’s promo; Moody’s on China; advertising and much more.

Avrio gets a license; AAM hires; Morgan Stanley triumphs; Pimco’s ESG variation; Losing money on Wall Street; FSM One’s promo; Moody’s on China; advertising and much more.
In 2019, Thai investors favoured domestic fund products, despite their lower returns compared with foreign investments, according to Morningstar.
Using the private fund management channel, the firm has received approval to launch its sixth onshore fund for distribution to China’s domestic investors.
M&G Investments names head of distribution for Asia (ex-Japan); Capital Group hires from Matthews Asia; HSBC rolls out mobile fund platform; BNPP AM launches Indonesia’s first Chinese equity fund; Lombard Odier IM to launch an absolute return strategy; and more…
The Tencent-backed firm is yet another manager who is upbeat on the higher-yielding Asian bond market, despite the risks.
One of the firm’s thematic ETF products has amassed around $150m within the first six months after launch.
Siok Kuan Tham has moved across from DWS asset management to take a senior role at Deutsche Bank Wealth Management in Singapore.
The Geneva-based asset manager believes that strong investment returns can be earned without damaging the planet.
Since November, six L&I products have been launched in the country, but demand is expected to be low.
First State, Capital Group and Schroders are among the firms with re-evaluated products as Morningstar’s enhanced ratings framework ripples through the fund universe.
Part of the Mark Allen Group.