There’s a high likelihood an emerging market country will default on its debt, and the impact on the asset class depends on which country defaults, according to Kirstie Spence, fixed income portfolio manager at Capital Group.
Category: News
Asia-focused income fund raises $126m in 3 weeks
The surge of capital into the Bank of Singapore and Lion Global Investors fund reminds asset management firms of opportunities with the right products when negative sentiment weighs on markets.
PGI plucks ex-MAS exec to head SEA business
Celestine Khoo, the former head of external fund management at Singapore’s regulatory body, has been hired by Principal Global Investors.
Old Mutual buys AAM Advisory, focuses on Singapore and HK only
Old Mutual Wealth has today signed an agreement to buy the Singapore-based expat-focused financial advisory firm AAM Advisory.
Chinese Ponzi scheme scams billions from 900,000 investors
Chinese authorities have arrested 21 people involved in a peer-to-peer lending scheme suspected of defrauding 900,000 investors of around CNY50bn ($7.6bn).
The pluses and minuses of Japan’s negative rates
Japan’s surprise move to negative interest rates on Friday is both a “welcome boost” for investor confidence, and in another sense, a failure of policy, sources said.
The FSA Spy market buzz – 29 Jan 16
UBS clients want alts; CFA is the new MBA; GAM is boosting Asia; SPDR gets innovative; Amundi insiders are OK, and much more.
Morningstar Asia hires investment director
The firm hired a hedge fund investment analyst to oversee teams in China, Hong Kong and Singapore.
Aberdeen chairman to depart as outflows continue
Aberdeen Asset Management’s Roger Cornick will retire as chairman and non-executive director at the end of this financial year, 30 September 2016.
SFC bans former RM for eight months
A former relationship manager at the Bank of East Asia failed to disclose a past criminal conviction, the regulator said.
