Crossbridge Capital and Morningstar are collaborating on a newly-launched digital advisory platform that targets HNWIs and US expats, which they believe are under-served in Asia.
Category: News
Robeco sets up team in China
The advisory type wholly foreign-owned enterprise (WFOE) structure allows the Dutch asset manager to conduct on-the-ground research on A-shares and service institutional clients.
EMD flows to reforming sovereigns: SLI
Mark Baker of Standard Life Investments favours reforming sovereigns such as Indonesia over governments that are not on the same track.
ChinaAMC intends to sell 18% stake worth $630m
A 17.8% stake in China’s second largest mutual fund manager is up for sale after the biggest shareholder, CITIC Securities, decided not to top up its holdings.
Amundi new low fee A-share ETF aims at rivals
Amundi hopes its comparatively low-fee FTSE China A50 Index ETF, launched yesterday in Hong Kong, will compete well against rival A-share ETFs from iShares and CSOP.
Ex-BSI wealth planner’s 1MBD trial starts in Singapore
A former BSI Bank wealth planner went on trial in Singapore on Monday for attempting to pervert the course of justice as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
DBS to add $16.5bn of wealth assets after buying ANZ Asia units
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn) of wealth assets, which includes S$6bn ($4.3bn) from high net worth individuals.
China banks deepen ties with Luxembourg
China Everbright Bank and Shanghai Pudong Development Bank, have confirmed plans to set up a presence in Luxembourg to serve the European market which, when given regulatory approval, will bring the total number of Chinese banks in the Grand Duchy to eight.
Farringdon to launch Shariah-compliant robo-adviser in Asia
The Malaysian-based wealth management firm, Farringdon Group, said it plans to launch Asia’s fist Shariah-compliant robo-adviser in December.
JPM MRF fund caps new subscriptions
Northbound net flows under the Mutual Recognition of Funds scheme dropped in September after JP Morgan put a limit on new subscriptions for its bond fund.
