The firm aims to distribute a US expatriate-focused “wrapped international pension” product through private banks and family offices.
Category: News
China’s PBs grow AUM as global banks slow
Asia-based private banks grew AUM 17% on average last year versus a 1% drop globally, according to a recent report by Scorpio Partnership.
SFC: Hong Kong has lowest PE globally
Hong Kong-listed mainland stocks dropped hard in the first half, pulling down the Hong Kong market, according to the half-year report by Securities and Futures Commission.
Global ETF/ETP assets hit new high
Assets invested in exchange-traded funds and exchange-traded products listed across the globe reached a record high of $3.2trn at the end of June, according to ETFGI.
Mutual fund licence allows shift to retail focus
Pengyang Fund Management became China’s first mutual fund house set up by a group of domestic “private securities fund” managers, opening the door to retail market sales.
The FSA Spy market buzz – 15 July 2016
New hires at Schroders, Aviva Investors and JP Morgan AM; Maybank gets into lifestyle; Blackrock’s rising share price; Capital Group at No. 10; Allianz and Fidelity caught riding Hong Kong transport and more.
Despite macro events, China funds buoyant
The MSCI rejection of A-share inclusion, as well as Brexit, has had little impact on China-focused equity funds in the short-term, according to FE data.
Falling RMB to hit onshore bonds
The Chinese renminbi may depreciate milder in the coming 12 months, but it will still be enough to impact the return generated from fixed income products, strategists said.
Blackrock watches signs of life in China earnings
Earnings estimates of Chinese companies may be about to turn upward and drive emerging markets, said Blackrock’s co-head of research for Asian fundamental equity, Chris Hall.
Profits of China fund firms improve in 2015
Despite the downturn in China markets in the second half of 2015, Chinese fund management companies saw revenues and profits rising in 2015, according to Cerulli Associates.
