HK’s SFC fines Hang Seng IM HK$3m; Singapore investors lose $5.83m from trading with unlicensed platforms; Investec names new head of Southeast Asia institutional business; SSGA hires from Lazard AM; Lasalle IM acquires Aviva’s real estate business; More MSCI inclusion commentaries; and more…
Riding China’s policy bus is not as easy as it sounds, as the poor performance of China policy-driven funds shows.
New disclosure rules issued by the Securities and Futures Commission for discretionary accounts are seen as a positive move toward increasing transparency for investors, according to industry sources.
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
The cross-border Mutual Recognition of Funds scheme added a global equity northbound fund managed by Amundi and received two more applications from Haitong International Asset Management.
UBS Wealth Management is recommending clients allocate up to 20% of their assets to hedge funds as a diversifier, especially in an environment where interest rates and volatility are increasing, according to the firm’s executives.
Wealth manager Noah Holdings was fined by Hong Kong’s regulator for failure to comply with several requirements, including KYC and due diligence matters.
Managing sector rotation is the most challenging aspect of equity investing, and the best solution is to wait it out, argues Michael Buhl-Nielsen, fund management director at Jupiter Asset Management.
Christophe Machu, investment specialist, explains that the firm’s non-traditional long-only fund exploits the valuation difference between equities and bonds.
Part of the Mark Allen Group.
