Asset managers reduced their cash holdings for the second consecutive month, according to the State Street Global Markets Risk Appetite Index.

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.
According to the influential Bank of America survey, only 5% of fund managers now have an overweight position in Chinese equities.
The report from Henley & Partners shows that 13,500 high-net-worth individuals are set to leave mainland China this year.
UBS’ latest Global Family Office report shows that family offices are re-positioning their portfolios in light of interest rate changes.
Organisations in the region are boosting climate action, Barclays found.
Moody’s latest commentary believes initiatives taken by Hong Kong and Singapore would contribute to carbon transition in the region.
Part of the Mark Allen Group.