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.
Category: News
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.
Mercer opens discretionary service in Singapore
Mercer has expanded its “delegated investment solutions” business into Singapore, targeting institutional investors with demand for alternative investments.
UBS prefers equities to bonds
The bank has tactical overweight positions on equities and prefers US equities relative to high-grade bonds.
Value Partners profit slumps on poor performance
Does Value Partners’ fund performance justify its tanking stock price, net profit and assets under management since the A-shares crash in the second half of last year?
Local currency EM debt downturns to continue
The local currency emerging market debt is currently having an “exceptionally long period of underperformance”, according to Simon Lue-Fong, Pictet AM’s head of emerging market debt.
