A PGIM Investments study found that three-quarters of Asia fund buyers believe their clients lack adequate investments in private assets.
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A PGIM Investments study found that three-quarters of Asia fund buyers believe their clients lack adequate investments in private assets.
Although cities continue to get more expensive, affluent people are still willing to splurge on and invest in their lifestyles, families, and futures.
A State Street Global Advisors and World Gold Council survey found that gold ownership by Apac asset owners will grow.
Capital Group’s survey shows that 100% of Hong Kong high-net-worth investors currently have at least 10% of their portfolio held in cash.
Net inflows to Japanese open-ended funds rose in February with all categories bar REITs experiencing inflows.
Asset managers reduced their cash holdings for the second consecutive month, according to the State Street Global Markets Risk Appetite Index.
PGIM Investment’s Gatekeeper Pulse study canvassed the views of 210 Asian and European gatekeepers at large global financial institutions, all of which have assets under management of at least $1bn.
The findings of the Swiss bank’s study reveal a big gap between intentions and actions among Apac’s wealthy families.
Singapore bucked the trend as average wealth rose, whereas in Hong Kong it was down slightly.
The fall in AUM occurred despite net fund inflows of HK$88bn in Hong Kong last year.
Part of the Mark Allen Group.