The US is poised to raise interest rates next year, but Asian markets look much better positioned than in 2013, when the expectation of an end to the US Federal Reserve’s asset purchases resulted in massive capital outflows from the region, said Jamie Grant, head of Asia fixed income at First State Investments.
Tag: Asia
Henderson appoints
Henderson Global Investors has appointed David Bennett as director of institutional sales in Asia, replacing Richard Clarke who recently resigned from his role.
Investec granted RQFII licence plans China funds
Investec Asset Management has been awarded an RQFII licence to invest directly into China’s mainland markets, and will launch two new funds focusing specifically on the region.
China property sector
China’s property sector is down 8% this year, and Aviva is making highly selective decisions according to company and city, said Tim Jagger, senior vice president and portfolio manager for fixed income in Asia.
Maybank floats global sukuk fund
Maybank Asset Management has launched a US dollar-denominated global sukuk fund to meet investor demand for Shariah-compliant fixed income funds.
Maybank AM Bosera AM in pact
Malaysia’s Maybank Asset Management has entered into a pact with Hong Kong-based Bosera Asset Management to jointly develop funds investing in Shariah-compliant equities within ASEAN and Greater China.
Nikko AM takes lead in passporting Singapore fund
Nikko Asset Management has received the go ahead from the Monetary Authority of Singapore to offer a fund under the ASEAN Collective Investment Scheme.
Distribution challenges in ASEAN CIS
The ASEAN collective investment scheme framework will take time to gain traction as the real challenge lies in penetrating the local distribution networks, according to research firm Cerulli Associates.
RHB AM floats equity fund
Malaysia’s RHB Asset Management has launched an Asian equity fund that aims to invest in companies with entrepreneurial characteristics.
AMP Capital Nikko equity mandate
Australia’s AMP Capital has won an A$175m ($154m) mandate to manage Nikko Asset Management Australia’s equity portfolio on behalf of its multi-manager team.
