The Common Reporting System — a partnership among various countries’ regulators — will make it more difficult for Asian HNWIs to keep undisclosed money offshore, said Richard Corrigan, interim director of financial services for the Government of Jersey.
Category: News
The FSA Spy market buzz – 21 October 2016
Robeco hires; Progress at T Rowe Price; Chinese thoughts from Matthews Asia; Maybank’s fund list; Liquid ETFs; Central bank balance sheets and much more.
China GDP growth report raises suspicion
China has reported annualised gross domestic product growth of 6.7% for the third quarter, in line with market expectations and the government’s own forecasts. But market watchers are suspicious about the medium-term outlook.
China opportunities in commodity price rebound
Commodity price recovery presents an opportunistic play on some cyclical sectors such as Chinese upstream oil companies, said David Gaud, Edmond de Rothschild Asset Management’s senior fund manager and global investment specialist.
HK bans short-seller for five years
The Hong Kong Market Misconduct Tribunal ruled that Andrew Left, the founder of Los Angeles-based short-seller Citron Research, has to repay HK$1.6m ($206,250) of net profits from short-selling China Evergrande Group in 2012.
Gold ETFs continue to surge
Gold, commodities and Latin American equities have been the best performing ETFs this year and worst performers have been linked to UK markets, according to FE data.
Have small caps reached a turning point?
Valuations are not cheap and earnings growth has been strong for years, but Patrick Kuhner, pan Asia client portfolio manager at Rosenberg Equities Asia believes the trend is still healthy.
FSA ANALYSIS: Tracking responsibly – are ESG index trackers any good?
The growing popularity of index investing is only just starting to be felt in the world of responsible investing but as the market for plain vanilla trackers becomes increasingly crowded, what does the future hold for ESG passive products?
Vanguard reshuffles top Asia management
Citing a China build out, the firm has promoted David Cermak to head of Asia and Charles Lin to lead China business.
Farringdon gets asset management licence for Singapore
Farringdon Asset Management, part of the Malaysia-based Farringdon Group, has received a licence to operate in Singapore where it will focus on focus on providing expat clients with discretionary portfolio management services.
