Investec Asset Management said it has reviewed the portfolio to avoid unnecessary risks that could result if the UK votes to leave the European Union.
Category: News
Singapore to set up fintech office
The Monetary Authority of Singapore is in a push to develop a financial technology industry, following Hong Kong’s move last month.
Report: Saudi Arabia to set up $2trn megafund
Investment through the new sovereign wealth fund will become the source of the Kingdom’s revenue, not oil, according to an industry report.
T. Rowe Price appoints new Japan chief
T. Rowe Price has hired Naoyuki Honda as country head for Japan.
Document leak ‘biggest ever blow to the offshore world’
Around 11.5 million leaked documents from a Panama-based law firm have exposed the offshore holdings of politicians, sports stars and public officials around the world.
Eastspring Investments gets new investment services head
Eastspring Investments, under Prudential’s asset management arm in Asia, has appointed Alan Artyun as head of investment services effective March 14.
Returns on China’s WM products to shrink
A lack of quality investment targets will pose a challenge for Chinese wealth managers this year, a new report by Cerulli Associates said.
The FSA Spy market buzz – 1 Apr 16
Julius Baer adds to discretionary team; CCB International is going Lion; April Fool’s Day rumours about DBS and StanChart; First quarter write-off; BlackRock is axing; Krung Sri looking for Long Short, Back Families says First State; Allianz and Maybank advertising; and much more…
Taiwan hires 7 managers for fund mandates
The new managers are appointed for a total of $5.3bn in global multi-asset and Asia-Pacific mixed-equities investment for the new and old Labor Pension Fund, the Labor Insurance Fund and the National Pension Insurance Fund, Ignites Asia reported, citing Taiwan’s Bureau of Labor Funds.
Asia the top region among dwindling global fund inflows – Morningstar
Asia showed the strongest organic growth of fund inflows at 18.6% among the regions analysed by Morningstar in its annual research paper on flows.
