Hong Kong-based asset manager Value Partners has posted record net profits of HK$2.05bn ($261.5m) for 2017, almost 15 times those of the previous year, thanks to performance fees earned in the booming equity markets.
Category: News
Apac ETF assets to quadruple by 2025
ETF assets in Asia-Pacific are expected to grow four times to reach $1.9trn by 2025, according to a report by Broadridge Financial.
Aviva bullish on Indonesian rupiah bonds
Despite a depreciation of the rupiah this year, Indonesian bonds have been upgraded by ratings agencies and will also be included in an international index this year, explains Stuart Ritson, head of Asian rates and FX at Aviva Investors.
Schroders launches global credit fund in HK
Brexit will likely be ‘softer’ than previously thought, UK bonds are cheap, and the firm’s global credit income fund has 20% invested in sterling denominated bonds, according to credit portfolio manager Michael Scott.
UBS Wealth sees huge inflows from APAC clients
In 2017, more than half of UBS Wealth Management’s net new money came from the region, according to the group’s annual report.
Bank of Singapore replaces HK CEO
Bank of Singapore, the private banking arm of OCBC, has appointed Derrick Tan as its CEO for Hong Kong, in addition to his role as global market head for Greater China and North Asia.
HEAD-TO-HEAD: Tianhong vs JP Morgan
FSA compares the world’s two largest money market funds: Tianhong’s Yuebao and JP Morgan’s US government fund.
The FSA Spy market buzz – 09 March 2018
Capital Group adds, Kasikorn Bank loses; Gramercy closes; Fund Supermarket adds funds; Trilake gives agony advice; the death of cash; Plummeting HKD; advertising from Jupiter and much more.
China’s retail finance set to grow, says JPM AM
Services offered by China’s securities brokerages, banks and insurers are not yet in wide use among domestic households, creating growth opportunities, said Howard Wang, co-manager of the JP Morgan China Pioneer A-share Fund.
Eastspring moves into China with WFOE
Eastspring Investments has joined the growing list of foreign asset managers who have set up an investment management wholly-foreign owned enterprise (IM WFOE).
