The firm’s lower AUM was driven by outflows from its fixed income products in the first half.
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The firm’s lower AUM was driven by outflows from its fixed income products in the first half.
Other markets in Asia shed fund assets this year, but China’s retail mutual fund industry recorded net inflows, according to Amac data.
However, pressure is increasing on Asia fund managers to embrace ESG investing, according to a Willis Towers Watson report.
The first quarter market rebound and investor demand for fixed income funds gave a slight boost to assets under management, the firm said.
Fixed maturity and passive products make up the list of funds that gathered $1bn or more in the past 12 months.
Data from the Asset Management Association of China shows the latest rankings by firm and by asset class in the mainland’s onshore mutual fund market.
Driven by mainland investors, the global asset management industry in 2017 had the strongest growth in a decade, according to a new BCG report.
Assets of Japan-listed ETFs reached $117bn in May compared to $112 at the end of April, the London-based research and consultancy firm said.
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 […]
China’s ecommerce firms are moving into financial services, putting competitive pressure on fund management companies (FMCs). The research firm cited as examples Alibaba affiliate Ant Financial’s reported plan to acquire a stake in Tebon Fund Management and Tencent establishing WeBank, China’s first online bank, last year. “The only viable online opportunity FMCs can access for […]
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