Funds focused on India, Japan and North America were among the best-performing products in Hong Kong and Singapore in 2016, while Europe and Latin America were at the bottom.
Category: News
Video: Blackrock on global multi-asset investing
The multi-asset team is overweight risk assets, according to Steven Moeller, Blackrock’s head of APAC multi-asset platform strategy and co-head of APAC client portfolio solutions.
BMO keeps overweight Asia post-Trump
BMO Global Asset Management’s Gary Potter revised his funds’ underweight US position to neutral after the election, but did not back down from his convictions on Japan and Asia despite Donald Trump’s trade rhetoric.
HK seeks more private bankers for local, China clients
There is a huge demand for relationship managers to look after high net worth (HNW) clients in Hong Kong and mainland China, a trend which is expected to continue in the coming year.
Mainland fund investors keen on robo-advisors and digital channels
Almost three-quarters of mainland investors said they are likely to try using a robo-advisor, compared to one-third for their Hong Kong peers, according to a Hong Kong Investment Funds Association survey.
Legg Mason to deepen ties with Chinese shareholder
Shanda Group, Legg Mason’s largest shareholder, plans to boost its stake in the US-listed asset manager by 5% and appoint two board members as part of a long-term strategic investment agreement.
Allfunds plans Asian expansion from new Singapore hub
Mutual funds platform operator Allfunds Bank has announced plans to expand across Asia by launching an operational hub in Singapore to service a new local business, which will open early next year, as well as businesses in Hong Kong and Taiwan.
State Street’s Anderson targets US value stocks as growth dips
Global growth will struggle in 2017 and investors are advised to move away from expensive sectors and pivot to those that offer value, according to Kevin Anderson, State Street Global Advisors’ Hong Kong-based head of investments for Asia Pacific.
HK rolls out internship programme in latest fintech push
The Hong Kong Monetary Authority and the Technology Research Institute have rolled out a programme that provides fintech internships for undergraduate and postgraduate students, as part of its latest move to become Asia’s leading fintech hub.
