Rising interest rates and yields have made Deutsche Bank Wealth Management pessimistic about fixed income investment, according to Tuan Huynh, Singapore-based chief investment officer and head of discretionary portfolio management for Asia-Pacific.
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Rising interest rates and yields have made Deutsche Bank Wealth Management pessimistic about fixed income investment, according to Tuan Huynh, Singapore-based chief investment officer and head of discretionary portfolio management for Asia-Pacific.
Alternatives, particularly infrastructure investments, are expected to see continued demand from professional investors, according to industry sources speaking at the recent Association of Luxembourg Fund Industry (ALFI) roadshow.
The long bull run has led to increasing client interest in alternatives, according to Adam Proctor, head of managed investments and advisory in Asia-Pacific for Citi Private Bank.
The Whisky Investment Fund, a first of its kind launched in Hong Kong in 2014, has exceed its initial target of $10m, according to a statement from the fund.
Valuations of traditional asset classes have become expensive, and diversifying with alternative assets can still be done relatively cheap, according to industry sources.
There’s more scope for the right liquid alternatives products in Asia, according to Rossen Djounov, GAM’s new managing director and head of Asia.
Despite several local bond defaults, Singapore’s asset management industry managed to grow 7% last year, with managed assets hitting S$2.7trn ($1.96trn), according to the Monetary Authority of Singapore’s 2016-2017 annual report.
Strong client demand for fixed income could be offset by some alts exposure, but convincing clients is a slow process, said Marc Lansonneur, head of Singapore wealth investment and treasury at DBS.
A majority of Asian institutional investors are expected to increase investments in alternative assets as bond yields disappoint, according to to a survey report from Natixis Global Asset Management.
As bond yields fall, UK-based alternative investment firm Prestige Fund Management said it has sourced an additional $100m in institutional investor commitments for its direct lending strategy.
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