Despite rising hurdles to launch offshore funds in Taiwan, some foreign managers are making progress, according to Cerulli.
Category: News
The FSA Spy market buzz – 23 September 2016
Lombard Odier rebrands, Blackrock soars, China funds performing, Fidelity goes ETF mad and ETFs just go mad, Columbia Threadneedle looks at helicopters, Thailand sizzles and more.
Don’t pick outperforming funds if you want a good return
Fund selectors would not do wise using past performance as a metric in their fund selection process, according to three American scholars.
First interbank bond issuer collapses
More defaults are expected as China’s state-owned Guangxi Nonferrous Metals Group has become the first interbank bond issuer to go bankrupt.
EIP readies more ETF launches in HK
ETFs from several firms are expected to roll out in Hong Kong in the next three months, hoping to catch the ETF Connect train and feed the appetite of mainland investors, said Tobias Bland, Enhanced Investment Products CEO.
China’s capital outflows increase for fourth straight month
In August, $51bn left the mainland, according to Standard Chartered estimates, as authorities increased support for the mainland currency, which is under devaluation pressure.
Onshore mutual fund assets hit record high in August
Mainland mutual funds gathered a record RMB 8.52trn ($1.28trn) in assets last month after experiencing a net outflow in the first half, according to data from the Asset Management Association of China.
Why it pays to be selective in EMD
While more fuss will be made of the eighth anniversary of the fall of Lehman Brothers, it is also worth remembering next year will mark 20 years since the preceding Asian financial crisis.
New robo-advisory for HNWIs in Singapore
London-based wealth manager Crossbridge Capital is expected to launch its first robo-advisory platform in Singapore later this year.
Pimco builds out Asia distribution team
Pimco hired Steve Chiu and Stacie Wang for new roles to cover Hong Kong retail and China intermediaries, respectively, and plans to add more.
