In a sponsored viewpoint, Chelsea Wilson proposes that confidence in the US economy is positively affecting a change in consumer buying behaviour as they switch to spending rather than saving.
Category: News
Old Mutual Wealth to be spun out and floated
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
Asian financial groups seek AM acquisitions
Large-scale financial groups in Asia are actively looking to acquire western asset managers, said Daniel Celeghin of asset management consultancy Casey Quirk, which was acquired by Deloitte earlier this month.
Pimco hires from Greenwich Associates
The firm appointed Abhi Shroff as senior vice president and head of Southeast institutional business development.
Malaysia, Indonesia lead in Shariah funds
The Shariah fund market remains highly challenging despite heightened interest from managers and regulators in Southeast Asia, according to Cerulli Associates.
SFC bans ex-Wing Lung manager for life
Hong Kong’s Securities and Futures Commission banned
Liu King-yee, a former securities service manager, after she was convicted of fraud.
JPM sees modest Brexit impact on EMs
The macro drivers for EM equities are largely unaffected and the firm maintains its overweight.
Bogle warns Asian investors on smart beta hype
Smart beta has failed to beat traditional index funds over the long term, said John “Jack” Bogle, founder of Vanguard Group, in a live videolink at Morningstar’s event in Hong Kong last week.
HSBC launches fund into slowing MRF market
HSBC GAM launched a southbound multi-asset fund managed by joint venture HSBC Jintrust, but sales of southbound funds through the MRF have been weakening.
China’s banks seek Hong Kong WM operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland HNWIs, industry players said.
