The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn) of wealth assets, which includes S$6bn ($4.3bn) from high net worth individuals.
Category: News
China banks deepen ties with Luxembourg
China Everbright Bank and Shanghai Pudong Development Bank, have confirmed plans to set up a presence in Luxembourg to serve the European market which, when given regulatory approval, will bring the total number of Chinese banks in the Grand Duchy to eight.
Farringdon to launch Shariah-compliant robo-adviser in Asia
The Malaysian-based wealth management firm, Farringdon Group, said it plans to launch Asia’s fist Shariah-compliant robo-adviser in December.
JPM MRF fund caps new subscriptions
Northbound net flows under the Mutual Recognition of Funds scheme dropped in September after JP Morgan put a limit on new subscriptions for its bond fund.
The FSA Spy market buzz – 28 October 2016
DB’s poaching woes; Rumour at UBS; Wellington hires; A good year for some; Fund selector promotions; CTCB growing; BNY Mellon takes on multi-asset, hedge fund woes and much more.
Hong Kong overweight in Eastspring’s low vol strategy
The strategy, which is overweight Hong Kong equities, aims to meet the demand for a fixed income proxy – stable returns with low volatility – for investors in both Asia and Europe, said William Barbour, head of client portfolio manager at Eastspring Investments.
China – the source of fintech disruption?
Disruption of the fund industry through fintech is likely to come from mainland China, according to ICI Global.
China equity managers change to earnings focus
Chinese equity fund managers have focused on earnings certainty rather than leaning on either old or new economy themes, according to Morningstar.
Japan small-caps beat larger peers
Foreign investors under-own Japanese small caps which in Japan tend to be less volatile than large caps, said Tony Glover, head of investment management department at BNP Paribas Investment Partners Japan.
Report: Chinese investors focus squarely on return
Consultant Z-Ben Advisors believes that if Vanguard were to come onshore tomorrow with its current strategy, it would not have much traction because returns are more important than low fees in China.
