Morgan Stanley IM and BNPP AM bolster multi-asset capabilities in Asia; Schroders creates global head of private assets role; Amundi acquires Mirae Asset’s Taiwan business; Global pension funds cut equities allocation; Bank of China (Hong Kong) warns against fraudulent website; and more…
The London-headquartered firm is also planning to expand its client base in Asia to include wholesale investors.
Offshore renminbi-denominated bond funds have staged a recovery so far this year, benefiting from a weaker US dollar.
Northbound flows surged in 2018 and in January they set a record, as the Stock Connect finally gains momentum.
Investors may find better opportunities in dividend-paying companies than growth stocks, argues Newton IM’s Nick Clay.
Only two products out of roughly 5,000 mutual funds available to Hong Kong and Singapore investors have overweights in the four Asia tech heavyweights.
Separately, the Hong Kong regulator also approved Amundi and Allianz products for retail distribution.
Russia’s stock market performance during the past three years has been resilient despite the external pressures of US-EU sanctions and fluctuating commodity prices.
All portfolios performed strongly in January after negative returns in December, with the aggressive portfolios posting the highest monthly returns.
HSBC Global Asset Management has launched its first northbound fund into mainland China, but investor sentiment there is muted.
Part of the Mark Allen Group.
