Morgan Stanley floats Asia fixed income fund

The fund will invest in a range of Asia ex-Japan fixed income securities with no sector limitations.  Through a top-down macro assessment process, the fund will invest in hard and local currency debt, sovereign and corporate debt, the firm said.  “Following a growing emphasis on Asian bonds within the global strategy, the decision to launch […]

BMO clusters ETFs to offer portfolio strategies

Prakash said BMO is not putting funds together, but portfolio strategies that are actually implemented by the intermediaries. “The implementation happens with respect to the intermediary using their platform and clients benefit from the asset allocation decision. We would work with intermediaries so they are able to offer this to their client base.” ETFs have […]

HEAD-TO-HEAD: BlackRock Asian Dragon vs Investec Asian Equity

Further easing measures are expected as current economic indicators in China have not improved, AXA Investment Managers and Schroder said recently. Separately, Schroder’s recently cautioned on the overheating in China’s market while BlackRock said it would prefer a selective investment approach following the surge in A- and H-shares. In India, managers like Franklin Templeton said they expect Indian markets to rise as […]

The HKG government plans another sukuk bond

In connection with a potential second US dollar sukuk, the government said it has given several mandates. HSBC and Standard Chartered Bank are joint global coordinators, joint lead managers and joint bookrunners, and CIMB and National Bank of Abu Dhabi PJSC are joint lead managers and joint bookrunners.  This month, the parties will arrange a […]

Asia could have capital outflows-Aberdeen

The prospect of a US rate hike and a stronger dollar could result in fund outflows from Asia in the near term, Young said, in an interview with Fund Selector Asia. “While higher US interest rates will likely damage short-term sentiment and money will flow out of Asian emerging markets, the long-term investment rationale remains intact.” […]

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