Global fund managers are holding more cash than the 10-year average, signalling a buy in equities, according to Bank of America Merrill Lynch’s monthly global fund manager survey for January.
Category: News
SJP plans Asia launch of discretionary services
St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.
StanChart poaches three from rival HSBC
As the Chinese New Year holidays begin, Standard Chartered quietly announces three senior private banking hires lured over from key competitor HSBC.
Fidelity: A-shares not ready for MSCI indices
The June decision on whether China’s A-shares should be included on all MSCI global indices is unlikely to be positive, according to Tim Orchard, Fidelity International’s chief investment officer for Asia Pacific ex-Japan.
HK ETF market: $580m net inflows in 2016
An overview of ETF activity in Hong Kong in 2016 shows SSGA’s Asia bond fund had the highest inflows while iShares China had the largest outflows.
RBC WM plucks senior exec from ANZ
RBC Wealth Management has appointed Rohit Bhalla as Singapore-based executive director and team head for the bank’s Southeast Asia business.
Chinese drive record high CFA exam candidates
Nearly 60,000 people took the CFA Level I exam last December, half of them from Asia-Pacific. But only 43% of exam-takers passed, according to the CFA Institute.
Two firms granted new RQFII quotas
Fidelity and Goldman Sachs Asset Management received RQFII quotas for the first time, and Pioneer AM was granted an RQFII licence.
Capital flows out of Greater China funds in 2016
About $8.3bn left Greater China equity funds last year, with global cross-border products showing the most outflows, according to Morningstar data.
