China Archives - Page 21 of 118 - Fund Selector Asia

Julius Baer collaborates with Beijing wealth institute

Julius Baer will be lending its expertise to improve the training and education of wealth management professionals in China.

The firm’s total AUM was also down 20% to RMB 37.5bn from June last year.

A recruitment drive in HSBC’s Asian wealth management business contrasts with massive cuts in the bank’s global workforce.

The firm now manages $880m in China-focused thematic products in Hong Kong.

Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.

Separately, UBS SDIC AM’s licences in the territory were removed.

The asset management arm of CMBC in Hong Kong has an investment team focusing on Greater China equities and Chinese offshore bonds.

The Montreal-headquartered asset and wealth manager also directly holds a 13.9% stake in China Asset Management.

Funds launched during the first quarter had massive outflows in the second quarter.

Overall, ETF AUM across Asia (ex-Japan) fell by 0.8% during the first five months.