Rising levels of high net worth cash should give Asia’s private banks plenty of opportunities, says wealth management research firm.
Category: News
Henderson/Janus merger highlights increasing need for scale
The ink is not dry and already commentators are hailing the merger of Henderson Global Investors and Janus Capital as an example of what is to come.
Henderson takes on Janus in $320bn merger
London-headquartered independent fund manager Henderson Group is to merge with US fund manager Janus Capital, creating a combined operation with $320bn (£248bn,€285bn) assets under management and a market capitalisation of approximately $6bn.
StanChart Private Bank shuffles Asia team
Richards-Evans leaves StanChart and Vishal Jain takes wider South Asia role at the bank.
New measures should extend India stock market’s rally
Reforms are gathering pace and will boost Indian share prices, according to Vikas Shah, portfolio manager and Indian equities specialist at Emerise.
The FSA Spy market buzz – 30 September 2016
Changes at FPI; a swap at BNPP IP; exit at First State; Motilal Oswal coming to Asia; thoughts on UBS; Ratner and Lehman moments and much more.
MRF northbound sales surge in August
Northbound net flows under the Mutual Recognition of Funds scheme hit RMB 3.95bn ($593m) in August, 3.6 times the figure in July (RMB 1.1bn), according to the latest data from the State Administration of Foreign Exchange.
China AMC launches Nasdaq L&I ETFs
China Asset Management in Hong Kong believes its newly-launched leveraged and inverse ETFs, tracking the Nasdaq 100 will appeal to Asian investors.
Principal senses EM earnings surprise
Principal Global Investors portfolio manager Mihail Dobrinov said he has added exposure in cyclical stocks such as commodities and warmed to EM financials since the beginning of the year.
China onshore funds fueled by institutional demand
The upcoming launch of mutual fund of funds as well as banks outsourcing more wealth management products (WMPs) to asset managers should help grow onshore fund assets, analysts said.
