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.
Category: News
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.
Henderson appoints
Henderson Global Investors has appointed David Bennett as director of institutional sales in Asia, replacing Richard Clarke who recently resigned from his role.
ESG and fund performance
Nordea Investment Management screens investments for environmental, social and governance practices to help determine the new generation of `emerging stars’.
Manulife appointment
Manulife Asset Management (Singapore) has poached UOB Asset Management’s Hui Min Ng to fill the newly-created position of director, Singapore equities.
Mellon Capital appoints Philip Lung division head
Mellon Capital Management, a division of BNY Mellon Investment Hong Kong, has appointed Philip Lung to the newly-created position of Asia Pacific division head.
Interview with Hang Seng’s Belle Liang
Funds that distribute cash or dividend-paying equities remain top of list for private bank clients in Hong Kong, according to Belle Liang, head of investment advisory, Hang Seng Investment.
Hong Kong fines UBS securities advisor
Hong Kong’s regulator has fined a client adviser at UBS HK$400,000 ($51,600) for failing to properly handle a client’s trade orders.
