Regulations, competitive pressures and demographic change are impacting the way private banks in Asia operate, said Steven Seow, Mercer’s head of wealth management in Asia.
Category: News
Mirae Asset betting on Asian consumption theme
Asia’s growing population of consumers with disposable income has led Mirae Asset Global Investments to adopt an overweight view on the consumer discretionary sector, said Rahul Chadha, co-chief investment officer.
Asset manager funds cancer treatment
Asset manager American Century Investments, which channels 40% of its profits into medical research, has helped fund a potential breakthrough in the treatment of inoperable cancerous tumours, the firm said.
Hong Kong trading suspensions
Several Hong Kong authorised funds have companies in their top ten holdings that have been under trading suspensions imposed by the Hong Kong Stock Exchange.
Chinese asset managers
Regulatory factors are making mainland fund houses evaluate plans for launching RMB products overseas, though the challenges are tough, said David Li, managing director of CACEIS.
StanChart on the case for equities
European equities and RMB bonds are among the favourite investment classes at Standard Chartered Bank, said Steve Brice, chief investment strategist, group wealth management.
Principal Global Asia CEO
With uncertainty surrounding global markets, investors have tempered the desire for yield and are seeking income-oriented solutions, said Andrea Muller, Asia chief executive for Principal Global Investors.
BlackRock multi-asset strategies
BlackRock has hired UBS Global Asset Management’s Edward Bang as head of multi-asset strategies Asia Pacific as the fund house builds its multi-asset business.
Lion Global China onshore products
Lion Global Investors intends to offer a suite of Renminbi Qualified Foreign Institutional Investor (RQFII) products, including bond and balanced funds.
Legg Mason eyes India Malaysia Thailand
Legg Mason Global Asset Management plans to bring offshore products to India, Malaysia, and Thailand as part of its Asia expansion strategy.
