Bond fund assets in Hong Kong increased while equity fund assets declined, according to the Securities and Futures Commission’s latest report.
Category: News
Credit Suisse names China execs as WM assets grow
Credit Suisse announced new leadership appointments to oversee its China business on the back of strong growth of its wealth management business in Asia-Pacific.
The FSA Spy market buzz – 17 February 2017
Sun Life hires; St James Place adds; Hang Seng’s Brexit battle; Jupiter on experts; Private bank AUM; Getting high on ETFs; Nikko is launching, and much more.
Morningstar Asia fund reviews and re-ratings – January 2017
Downgrades for Fidelity and Legg Mason, an upgrade for Threadneedle and coverage initiated on Capital Group.
DBS HK blames `perfect storm’ for profit drop
DBS Hong Kong experienced a 35% decline in profit to HK$4bn ($520m) in 2016, in large part as a result of renminbi depreciation and China’s looser monetary policy.
Principal-CCB tie up remains as other JVs breakup
Rex Auyeung, who will retire as Principal Financial Group’s Asia chairman in June, believes a corporate culture match is key to his firm’s long joint venture with mainland powerhouse bank CCB.
Hong Kong PBs slow hiring during shakeout
Consolidation in Asia’s private banking industry has slowed hiring of professionals in Hong Kong, according to Sunny Kwak, Hong Kong-based consultant for private banking at recruitment firm Morgan McKinley.
CIC: Forecasts frustrated by too many unknowns
While economists struggle with forecasts in a climate of too many unknowns, the best advice is caution, according to François Duhen, chief economist and strategist at Swiss banking group Crédit Mutuel-CIC.
Is EU risk a buying opportunity?
Political risk in Europe is short-lived and presents a buying opportunity for European high yield credit, according to Craig Ellinger, UBS Asset Management’s Chicago-based global head of high yield.
HSBC GAM launches Asian high income product
The new HSBC Asia High Income Bond Fund is said to have a balanced approach between the firm’s existing Asian bond and high yield strategy, as investors continue chasing for yields.
