Regulators found that a relationship manager at the bank made fund transactions without client’s consent in order to meet his sales targets.
Category: News
AMP Capital global infrastructure platform
AMP Capital said that it has raised more than $540m in new commitments for its global infrastructure platform during the last six months, which has resulted in a first close for the AMP Capital Global Infrastructure Fund and has put it closer to the platforms target of $2bn.
Slow growth for China money market funds
Demand for Chinese money market funds (MMFs) is expected to rise at a slower pace after a surge in asset growth over the last 18 months subsides, according to a new report from Fitch Ratings.
Keeping rates low risk for US markets
The “breathtaking strength” in US jobs growth has created conditions that demand a rate hike, argues Rick Rieder, chief Investment officer of fundamental fixed income at BlackRock.
AMP Capital Eastspring Greater China manager
AMP Capital has hired Eastspring Investment’s Nicholas Koh as senior portfolio manager on its multi-strategy team.
Are we reaching a tipping point for Asian bonds
As central bankers in the West continue tripping over themselves in the rush to make dovish noises on holding rates lower for longer and showing patience as Fed chair Janet Yellen likes to say, even highly cautious investors may be reaching a tipping point.
Asia Pacific ETFs get chunk of global ETF flows
Exchange-traded funds listed in Europe and Asia-Pacific and launched in January collected about 90% of the $526m worth of inflows into new assets, according to data from Markit.
Get EM exposure through Europe
The price is not right for direct exposure to emerging markets stocks, according to David Herro, chief investment officer for international equities at Harris Associates.
Policy measures in China
BlackRock said it sees mainland equity markets becoming more volatile as the country takes further measures to address the slowdown in economic growth.
Asia entering multi-decade stock pickers market
Asia is entering a multi-decade stock-pickers market, similar to that seen in the 1960s and 1970s in developed markets says Jung Ho Rhee, CEO at Mirae Asset Global Investments.
