The Shanghai-based wealth management firm reported income dropped 50% in the third quarter due to factors including China’s slowing GDP.
Category: News
UBS in Hong Kong slapped with $51m fine
The SFC fined the bank for ‘systematically overcharging’ around 5,000 clients on fees, according to the regulator.
US specialist ETF firm eyes Asia
Acquired by Mirae Asset Global Investments last year, Global X has begun promoting its products in the region.
Asia billionaire wealth drops sharply
The wealth of the super-rich fell by 4.3% globally to $8.5trn last year, with the biggest declines in China and Asia-Pacific, according to a report by UBS and PwC.
Another ‘new economy’ fund to debut in Asia
Following a similar fund debut in September, Capital Group is bringing another product focused on global innovation to Hong Kong and Singapore.
China, HK look at ‘wealth management connect’
Officials in China and Hong Kong want to bring borderless wealth management to cities in the Greater Bay Area.
HEAD-TO-HEAD: Blackrock versus Church House
FSA compares two absolute return products: the Blackrock UK Absolute Alpha Fund and the SVS Church House Tenax Absolute Return Strategies Fund.
The FSA Spy market buzz – 08 November 2019
Manulife AM hires; Singapore getting Hong Kong cash; Bubble in stability; Disruption; ESG blunders; Market highs and lows; advertising from Eastspring and much more.
Robo-advisor performance: October 2019
Generally portfolios were up in October month-on-month, but most benchmarks were higher.
In case you missed it (08 November 2019)
Deutsche Wealth names new global head; Singapore multi-family office eyes expansion; Eastspring raises $85m for its first retail FMP in Singapore; Hong Kong’s SFC bans former HSBC relationship manager; and more…
