China Asset Management finished raising onshore money for its overseas-focused bond fund in just one day.
Category: News
DBS PB poaches UBS WM head
Joseph Poon has left UBS Wealth Management to serve as regional head of Southeast Asia for DBS Private Bank.
Robo-advisories to shake up China’s mutual fund business
Online advisory is an emerging trend in China as the current development of mutual funds hits a bottleneck, according to Tianhong Asset Management, China’s largest fund house by assets.
Report: China probes CITIC Bank AM head
CITIC Bank confirmed to mainland media that Ma Xutian, its head of asset management business and chief investment officer, is under investigation.
Active management sector needs to shrink – Moody’s
The active management industry will have to shrink substantially, Moody’s Investor Services argues in a new report on the growth of passive investments.
Trilake Partners names new CIO
The Singapore-based wealth management firm has appointed Arnulfo de Pala as its new chief investment officer.
MRF northbound sales reach $415m in 1H
Hong Kong mutual funds selling in the mainland under the Mutual Recognition of Funds scheme reached RMB 2.77bn ($415m) in net sales in the first half, 45 times higher than the opposite flows.
SFC: Hong Kong PB AUM rises sharply
Hong Kong’s private banking business shot up 18% to HK$3.7trn ($473bn) last year while asset management AUM fell by 4%, a Securities and Futures Commission survey has found.
ICBC and Wisdomtree plan China ETF launch
ICBC Credit Suisse Asset Management (International) and Wisdomtree Investments plan to a European launch of an ETF tracking the S&P China 500 Index.
Robeco sets up Singapore office
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately, New York Life IM is opening a Japan sales office.
