UBS introduces wealth management app in Asia

The firm said the app tracks a client’s portfolio, tests it against critical risk factors and sends a notification when the portfolio deviates from the client’s investment strategy. It was developed in response to increasing client preferences for digital solutions in Asia.  “We believe Asian clients are more digital than in other parts of the […]

Manulife adjusts Korea, India holdings

“We trimmed exposure to India and Korea as we were concerned after the run-up [in markets]. We had different instances when target prices on stocks were reached,” said Csellak in an interview with Fund Selector Asia. Volatile Korea Korea with a 20.7% weighting and India (17%) were still the top country allocations of the Manulife Asian […]

Pioneer Investments, Santander AM to merge

The deal will create a holding company, named Pioneer Investments, with combined assets under management worth €400bn ($431.7bn). According to the deal, UniCredit and private equity firms (Warburg Pincus and General Atlantic) each will own a 50% stake in the holding company, which will in turn own 100% of Pioneer’s US business. For businesses outside […]

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