Aviva Investors changing guard; CTBC Private Bank hires; Brexit vs emerging markets; Spy at odds with Franklin Templeton; UOB states the obvious and much more.
Category: News
Singapore to act against four banks over 1MDB scandal
Singapore’s MAS plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Despite returns, QDII quota in demand
Domestic market volatility and currency concerns are driving demand for QDII quota, which allows offshore investment, but authorities have shut the door on new quota.
China’s CSOP in L&I ETF launch
In Hong Kong, CSOP Asset Management has launched a pair of leveraged and inverse exchange-traded products tracking India’s Nifty 50.
JPM: US financials to outperform global peers
US and Asian equities are preferred when investors’ risk appetite improves, said JP Morgan Asset Management global market strategist Ben Luk.
Alts manager sets up in Hong Kong
US-based AQR Capital Management will focus on sales and client servicing while evaluating China’s investor base.
CS: Capacity cuts boost China’s commodity sector
Commodity prices have rebounded since the start of the year and A-share commodity stocks are expected to outperform in the third quarter, Credit Suisse said.
China’s HNWI urged to diversify offshore
Chinese high net worth investors need to allocate assets overseas to hedge country and currency risks, experts said in a forum held in Shanghai.
Ex-Blackrock credit manager jumps to Thirdrock
The Singapore-based asset and wealth management firm has brought in Suanjin Tan as senior portfolio manager.
China’s regulator probed 350 AMs
The Asset Management Association of China has completed 69 enforcement requests since last July, which involved 349 firms totaling 1585 products, including four mutual fund houses.
