However, the bank’s wealth management unit had net outflows of new money in the US.
Tag: APAC
China strategy untouched in Blackrock job cuts
The firm said in an internal memo last week that it will be laying off 500 employees globally, accounting for 3% of its total workforce.
Apac ETF assets to quadruple by 2025
ETF assets in Asia-Pacific are expected to grow four times to reach $1.9trn by 2025, according to a report by Broadridge Financial.
APAC fund assets forecast: Up 75% in four years
Total mutual fund and ETF assets in Asia-Pacific passed the $3trn mark in 2017 and are expected to hit $5.2trn by 2021, according to a Broadridge Financial Solutions report.
HEAD-TO-HEAD: GAM vs JP Morgan
FSA compares two APAC including Japan funds — the GAM Star Asia Pacific Equity Fund and the JP Morgan Pacific Securities Fund.
Julius Baer names new APAC head
Jimmy Lee, who spent 11 years at Credit Suisse, will take over as the bank’s Asia-Pacific head in 2016.
