The exodus of private banks from the region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
Category: News
Hong Kong inks fintech pact with UK
The Hong Kong Monetary Authority (HKMA) has signed a cooperation agreement with the UK regulator to promote fintech innovation.
Tumult in HK ETF market
New launches, delistings and fee cuts of ETFs continue ahead of the highly anticipated ETF Connect as well as the potential extension of L&I ETFs to track Hong Kong equities.
OMGI ‘s Crabb overweight Chinese equities
The new US president’s anti-trade agenda is a risk that is overblown in regards to China, according to Joshua Crabb, Old Mutual Global Investors’ Hong Kong-based head of Asian equities.
Pioneer suspends two fund managers
Two top fixed income fund managers, including one who manages funds for sale in Asia, have been suspended by Pioneer Investments, industry sources have confirmed.
PB buyouts continue as ABN Amro exits Asia and Middle East
The sale to LGT Group marked the fifth foreign private bank to withdraw from their Asia operations this year, and further consolidation is expected to continue.
Morningstar Asia fund reviews and re-ratings – November
Upgrades for Allianz, Fidelity, First State, Schroders and Templeton and coverage initiated on several others, together with the new “sustainability rating”.
Robo-advisers continue Asia momentum
Despite arguments that HNWIs want only people to manage their wealth, robo-advisories in Asia are going after a client base that overlaps with wealth managers while some big banks are integrating robo into their advisory services.
HK links with Shenzhen, inks Switzerland MRF pact
HK launched the Shenzhen connect today and the SFC signed an agreement for an MRF link with Switzerland, as the SAR aims for more than just being a distribution hub, according to Jeremy Lam, a Hong Kong-based partner and the head of Deacon’s financial services practice.
Investec puts EM equities on hold
John Stopford, manager of Investec Global Multi Asset Income Fund, said the portfolio has turned more pro-growth but has zero exposure to emerging market equities.
