A large valuation gap between emerging markets and the US is mainly sentiment-driven, creating opportunities to selectively pick next-cycle winners, said Joshua Crabb, head of Asian equities at Old Mutual Global Investors, who was plucked from BlackRock in September.
Tag: China
Absolute return appetite emerging
Volatility in global markets has nudged private bank clients toward absolute return type funds, said Edmund Yun, executive director, head of investment for Asia at BMO Private Bank.
High yield China CoCo bonds require caution
Chinese banks are offering contingent convertible bonds that can provide yield similar to high yield property products, but carry commensurate risk that isn’t always obvious, said Martyn Simpson, principal at Mercer in Singapore.
HSBC China multi asset fund
HSBC Global Asset Management is launching a multi-asset China-focused fund that will partly invest through the Hong Kong-Shanghai stock connect.
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.
Real estate underpins China products
What China’s domestic investors assume are a local bank’s time deposit products are often real estate investments and loans, according to Anthony Doyle, head of investment specialists team, M&G Investments.
Real reforms rolling out in EM
Serious reforms in key emerging markets are ramping up and going largely unnoticed, according to Mike Sell, head of Asian investments at Alquity Investment Management.
Stock Connect deadline missed
Hong Kong and China shares declined today after the Hong Kong Exchange said there was no firm date to implement the Stock Connect programme, which was widely expected to go live in October.
Chinese equity markets mini big bang
Just as October 1986 ushered in an era of deregulation for London’s financial markets, so 28 years later Chinese equity markets face their own mini Big Bang with the launch of the Shanghai-Hong Kong Connect.
