As the A-share market fell by around 20% in 2018, China’s overall mutual fund assets increased by 11.7%, Cerulli data shows.
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As the A-share market fell by around 20% in 2018, China’s overall mutual fund assets increased by 11.7%, Cerulli data shows.
In Hong Kong, the new products that gained the most assets in January are managed by BEA Union IM.
Investments with low correlation to traditional assets are becoming popular as volatility returns.
Asia fund AUM grew in the first three quarters last year and investors had a preference for mixed asset funds, according to a Cerulli Associates report.
Bank marketshare of mutual fund distribution in the region has been gradually declining.
The new wealth management subsidiaries that banks in China are now allowed to set up could rival fund managers to some extent, according to Cerulli Associates.
All markets in Asia-Pacific saw growth in AUM for ETFs in the first half of 2018, except Hong Kong and Singapore, according to Cerulli Associates.
The handful of global managers with private fund management licences compete against 23,000 domestic players. How can they reach more investors?
Despite a relaxation of foreign ownership rules, Chinese partners are expected to retain the majority stake in joint ventures because China’s asset management business is lucrative, said Ye Kangting, analyst at Cerulli Associates in Singapore.
Asset growth in China’s money market funds is expected to slow, while India may see a period of consolidation among its robo-advisors, according to Boston-based research firm Cerulli Associates.
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