HSBC subsidiary Hang Seng Bank posted a 13% increase in half-year income generated by its wealth management business, driven by fund sales and securities and brokerage services.
Category: News
HEAD-TO-HEAD: Fidelity vs JP Morgan
FSA compares the Fidelity Thailand Fund and the JP Morgan Thailand Fund.
The FSA Spy market buzz – 03 August 2018
Citibank adds; Focus fund decisions; Man Investments gears up; Fidelity cuts prices; Crystal balls; Japanese robo-advisors; advertising from Lion Global and Nikko and much more.
StanChart explores robo-advice
Standard Chartered Bank is exploring ways to integrate artificial intelligence into its businesses, one of which is robo-advisory, according to Peter Clark, regional chief information officer for Greater China and North Asia.
China’s quota programmes take a break
China did not give additional allocations for its inbound and outbound quota programmes last month, according to records from the State Administration of Foreign Exchange (SAFE).
In case you missed it (03 August 2018)
Fidelity hires M&G Investments’ CEO; Man Group appoints a co-head for responsible investments; Gam Investments secures discretionary business licence in Japan; Malaysia’s Affin Hwang launches absolute return fund; SFC implements open-ended fund companies regime; and more…
Principal Global goals include Taiwan operation
Operations in Taiwan and Korea, increasing its stake in its China joint venture and launching more products across Asia are among the firm’s aspirations in the region, according to the firm’s executives.
MRF northbound funds lose half of assets in H1
Funds sold in China through the Mutual Recognition of Funds (MRF) scheme had a record month of outflows in June and in total lost half of assets since January, according to the State Administration of Foreign Exchange (SAFE).
Asia drives SJP first half results
St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to $10.4bn (£7.9bn), an increase of 15% compared with the first half of 2017.
Investing in the surging commercial aircraft market
Historical returns over 9%, low volatility and low correlation to the stock market make investments in commercial aircraft a highly relevant opportunity in today’s market environment, according to Laurent Biousse, director of AFD Fund Management’s Aeronautics Fund.
