Conflicts of interests arising from the sale of in-house products by fund distributors are on the radar of both the Hong Kong Monetary Authority and the Securities and Futures Commission.
When Asia’s regulators eventually replace the commission-based wealth management model with a fee-based one, what could be the fallout for asset managers? Ben Cherrington, head of intermediary channels in Asia Pacific at M&G Investments, shares some key changes in the UK, which decided to make the leap to fee-based in 2013.
Value Partners’ stock price jumped 8.6% before suspension on Monday amid reports that China’s HNA Group is looking to buy a stake in the firm.
Shanda Group, Legg Mason’s largest shareholder, plans to boost its stake in the US-listed asset manager by 5% and appoint two board members as part of a long-term strategic investment agreement.
McKinsey & Co cited five trends that they expect will cause a “once-in-a-generation shift in competitive dynamics”, completely shaking up the asset management industry.
Chinese investors are looking at offshore products for diversification and, in response, foreign asset managers are entering the mainland, according to consultancy Z-Ben Advisors.
A roundup of the week’s asset management news from the mainland.
A lack of quality investment targets will pose a challenge for Chinese wealth managers this year, a new report by Cerulli Associates said.
Shanghai-based Fosun Group has opened an asset management business in Moscow to seek investment opportunities.
A roundup of the week’s asset management industry news from mainland publications.