Chinese banks are offering contingent convertible bonds that can provide yield similar to high yield property products, but carry commensurate risk that isn’t always obvious, said Martyn Simpson, principal at Mercer in Singapore.
Category: News
Nikko AM makes 3 senior hires
Nikko Asset Management has made three senior hires covering sales in North Asia, client development in the Middle East, Africa and Asia and consultant relations on a global basis.
HSBC China multi asset fund
HSBC Global Asset Management is launching a multi-asset China-focused fund that will partly invest through the Hong Kong-Shanghai stock connect.
Equities dominate Asian SWF portfolios
Asian sovereign wealth funds have a dominant portion of their portfolios in equities, according to research by Cerulli, which expects the trend to continue.
Stock connect to launch in one week
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November 17.
Hong Kong protest fears not playing out
Ongoing pro-democracy protests have not degraded the territory’s economy or financial industry, contradicting the grim predictions of the big four accounting firms.
Hang Seng Asian equities
Hang Seng Bank for the past month has tilted toward Asian equities, and has added several funds recently to reflect its investment outlook and asset class views, according to Belle Liang, head of investment advisory, Hang Seng Investment.
First State absolute return strategy
First State Investments intends to launch an absolute return strategy fund in Asia as it seeks to expand its product offerings, according to Jamie Grant, head of Asia fixed income.
Asia better prepared for US rate rise
The US is poised to raise interest rates next year, but Asian markets look much better positioned than in 2013, when the expectation of an end to the US Federal Reserve’s asset purchases resulted in massive capital outflows from the region, said Jamie Grant, head of Asia fixed income at First State Investments.
BMO ETFs
Despite weak market acceptance for ETF products, BMO Global Asset Management is launching three Hong Kong-domiciled ETFs.
