Mainland high net worth clients are looking for A-share funds and offshore RMB-denominated products while showing increased interest in US exposure, according to Wing Lung Bank.
Category: News
China market a bubble waiting to burst
The Chinese A-share market is a bubble waiting to burst, according to Schroders head of Asian equities in Singapore.
Asias total AUM up
Asia’s asset management industry is the fastest growing in the world, though AUM remains small compared to developed regions, according to a new report on the industry by Hong Kong’s Securities and Futures Commission.
Nikko AM appoints chief strategist
Nikko Asset Management has appointed Naoki Kamiyama as a chief strategist.
Irish fund association
The Irish Fund Industry Association (IFIA) is exploring ways to list the first UCITS fund on the Stock Connect, according to the association’s Hong Kong representative Conor O’Mara.
OMGI fund gets new manager
Old Mutual Global Investors has appointed Diamond Lee to manage the $100m Old Mutual Greater China Equity Fund.
Chinas brokerage suspension
Mainland market volatility that is expected to characterise 2015 was clear on Monday after a 7.7% plunge in the Shanghai index, driven by price declines in shares of Citic Securities and Haitong Securities.
Asian passports earthquake platform view
Little could the creators of UCITS have known that, nearly 30 years on, there would have been tremors in Asia that would threaten the growth of this £6trn behemoth, writes David Stevenson, head of business development, Baring Asset Management.
Swiss equity volatility Schroders
Last week’s move by the Swiss Central bank to break its currency peg to the euro has resulted in volatility in local stocks, but this does not impact the long-term investment opportunities available in Swiss equities, said Stefan Frischknecht, fund manager at Schroders.
China among the top markets
The Shanghai Composite Index soared 53% in 2014, “making the Mainland market one of the best performing markets worldwide”, yet volatility has emerged as a key risk this year, according to Hong Kong’s regulatory body.
