Shares in HSBC jumped 3.6% on Wednesday despite it revealing a 29% slide in profits to $9.7bn for the first half.
Category: News
ETF robo advisor to launch in Hong Kong
The second generation of an ETF robo advisor by 8 Securities will be launched this quarter with lower fees to attract cost-sensitive investors.
Japan announces $45bn fiscal stimulus package
Japan is set to launch $45bn of new fiscal stimulus measures after Prime Minister Shinzo Abe and the cabinet gave the plan the go ahead.
More China insurers move into mutual funds
Two more mainland insurers have set up a mutual fund business in July.
Fund managers unmoved by BOJ announcement
The Bank of Japan’s unsurprising move last Friday is a relief for banks, but fund managers are not adjusting their portfolios.
HK’s SFC names executive director
Hong Kong’s Securities and Futures Commission has appointed Christina Choi as executive director of investment products.
Global ETF assets under management to exceed $7trn by 2021
Growth in exchange traded funds (ETFs) is expected to accelerate over the next five years, with global assets under management set to exceed $7trn by 2021, according to a PwC report.
Deutsche AM upgrades China equities
Deutsche Asset Management said it has added Chinese property, cement and insurance companies to the portfolio after upgrading Chinese equities from neutral to overweight.
The FSA Spy market buzz – 29 July 2016
Rumours at First State; Pimco and AGI hires; CSAM gets fixed; GIC gets real; Schroders at a record; AIA winning in China; Morningstar questions; OCBC woes, and much more.
China’s SAFE guarded with investment quota
The Chinese regulator only granted one new firm RQFII quota in July, while reductions in QFII quota continued.
