Promotion at EFG; Mestis Capital expands; Vontobel AM goes wholesale; Quaero Capital comes to Asia; Schroders reminds; Opec cuts; Hang Seng’s bargain and much more.
Category: News
HK’s bond fund sales outpace equities
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
MS IM on the promised infrastructure boost
Details on the Trump pledge to spend up to $1trn on infrastructure are sketchy, but renewable energy, surprisingly, may benefit, said infrastructure portfolio manager Matthew King at Morgan Stanley Investment Management.
Another step toward HK-China bond connect
Hong Kong’s Financial Services Development Council has developed a proposal for the Hong Kong-China Bond Connect, which aims to allow retail investors cross-border access to bonds.
Sharp slowdown in MRF sales, imbalance increases
The huge sales gap between north- and southbound funds being sold through the Mutual Recognition of Funds continues to expand.
Eight firms granted new RQFII, QFII quotas in November
Aberdeen, Eastpring and Thailand’s Kasikorn Asset Management are among the firms granted investment quotas in November.
UBS AM: Indices to include China bonds in 2017
Chinese government bonds could be included in the global benchmark indices next year, according to Hayden Briscoe, Asia-Pacific head of fixed income at UBS Asset Management.
HK fee transparency plan could hit alts
The proposal to enhance fee disclosures should not have a big impact on banks and fund houses, but may impact the small intermediaries, according to industry players.
Asia’s wealth business `rationalisation’ to continue
The BOS purchase of Barclays’ assets has completed, but it is only one of several wealth management acquisitions in Asia as the trend toward scale continues, according to Mark Wightman, EY’s Singapore-based partner for wealth and management advisory.
Disclosure issue prompts exit of StanChart’s regional CEO
Ajay Kanwal has resigned from his role as regional CEO for Asean and South Asia at Standard Chartered, with immediate effect.
