Goldman Sachs predicts World Cup winner using AI; LGIM names head of APAC ex-Japan; GAM to open in Australia, hires from Blackrock; Asia HNWIs believe society has become more inclusive of women, but not much in Hong Kong; SFC fines account executive for not recording phone conversations; Schroders launches chatbot ‘Schroders Go’ in Singapore; and more…
Only a small number of large foreign asset managers are expected to apply for approval to hold a controlling stake in a Chinese asset management joint venture, according to Sean Hung, senior analyst at Moody’s Investors Service.
Two ETFs launched this week in Taiwan and Korea track a technology-focused cross-border index jointly developed by the two countries’ stock exchanges.
BNY Mellon Wealth Management has named Yolande Escher as head of Greater China, based in Hong Kong.
The inclusion of 230-odd China A-shares was a hugely symbolic moment for UK and European investors but the region’s fund industry has failed to get ahead of the curve, with most firms lacking dedicated teams of analysts or products to invest in.
Deutsche Wealth is not convinced that a significant allocation to hedge funds adds value to client portfolios, according to Christian Nolting, Frankfurt-based managing director and global chief investment officer and global head of discretionary portfolio management.
Amundi’s absolute volatility equity funds were among the best performers in 2008, the year of the global financial crisis, but have done poorly since.
Fund industry sees blending of active and passive strategies as a way to achieve better risk control while generating alpha.
HSBC has revealed plans to expand its wealth management division in China as part of strategy refresh.
Columbia Threadneedle’s 130/30 fund is a survivor among funds using the strategy, which offers the spice of a hedge fund but also some additional risk.
Part of the Mark Allen Group.
