Investors should, however, lower their return expectations to single-digits for the S&P 500 index, the firm said. The index has recently been hitting all time highs: “We continue to favour US equities, despite slightly higher valuation levels. The base case for the S&P 500 total return in 2015 is in the single-digit range, which […]
Category: News
China opens door further by clarifying “beneficial ownership”
The mainland regulator posted an FAQ notice on its website stating that “investors are legally entitled to the rights and benefits of shares acquired through the northbound trading link. “Accordingly, the CSRC Stock Connect Rules have expressly stipulated that, in northbound trading, overseas investors shall hold SSE [Shanghai Stock Exchange] securities through HKSCC and are entitled to […]
Asia dividends are growing even as global payouts dip
The sharp rise in the US dollar put downward pressure on global dividend payouts during the first quarter. Another factor was an outsized payout in Q1 2014: a $26bn special dividend paid by Vodafone, which was not matched in the first quarter in 2015. Source: Henderson. The Henderson Global Dividend Index is a measure of the […]
BMO clusters ETFs to offer portfolio strategies
Prakash said BMO is not putting funds together, but portfolio strategies that are actually implemented by the intermediaries. “The implementation happens with respect to the intermediary using their platform and clients benefit from the asset allocation decision. We would work with intermediaries so they are able to offer this to their client base.” ETFs have […]
Multi-asset is a contender for income needs, says Schroders
Generating income when yields are at historic lows is no longer as simple as investors believe it once was, he said. A typical approach in Asia has been to focus on a split between Asian high-yield bonds and Asian dividend stocks, Pang said. However, the yield on offer is not commensurate with the volatility in […]
Desmond Ng to lead Allianz Global’s Asia business
Eu takes over the role from Brian Gaffne, who will retire at the end of the year, the firm said. Ng will take charge of his role from January 2016. He will also join the firm’s global executive committee. Ng is currently the head of institutional business in Asia-Pacific and chief executive for Greater China […]
Franklin Templeton brings alts fund to Singapore
The FTIF Franklin K2 Alternative Strategies Fund aims to offer capital appreciation with lower volatility relative to equity markets by allocating its assets across multiple alternative strategies.
The HKG government plans another sukuk bond
In connection with a potential second US dollar sukuk, the government said it has given several mandates. HSBC and Standard Chartered Bank are joint global coordinators, joint lead managers and joint bookrunners, and CIMB and National Bank of Abu Dhabi PJSC are joint lead managers and joint bookrunners. This month, the parties will arrange a […]
Lift-off in Japan or false dawn?
There is such a mixed bag of factors to weigh up that the answer is far from obvious. You can make a strong case either way. While Japanese equities fund managers seem sure recent good times are set to continue, other interested observers tend not to be so sure. Major factors in favour of […]
Edmond de Rothschild’s Hong Kong CEO quits
The bank confirmed to Fund Selector Asia that Chan has resigned, but said she has not yet left the firm. No further details were disclosed.
