Bank of Singapore (BOS) is scaling back exposure to risky assets because of the re-escalation of US-China trade tensions, said CIO Rajeev De Mello.

Bank of Singapore (BOS) is scaling back exposure to risky assets because of the re-escalation of US-China trade tensions, said CIO Rajeev De Mello.
The new wealth management subsidiaries may provide business opportunities for foreign players that have a private fund management licence in China.
i-Fast’s China assets remain very small, but it intends to partner with more foreign players holding a private fund management (PFM) licence.
UBS Asset Management’s China-focused multi-asset product has reduced cash holdings since last year, but the manager remains neutral.
Investors in China should focus on domestic sectors relatively insulated from the tariff war and boosted by recent stimulus measures, says Robeco’s equities head.
Separately, the Chinese joint venture firm saw $14bn flow into its money market fund since it joined Ant Financial’s online wealth management platform last year.
The Japanese firm plans to join the China-Japan ETF Connect programme on top of having a QDLP business in China.
The Singapore-headquartered firm is looking at adding more investment staff and obtaining a QDLP licence.
It seems that barring a sudden policy reversal by local regulators, JPMAM will soon become the first foreign firm to own a majority stake in a China asset manager.
Hefeng Family Office is now able to conduct advisory and asset management activities in Hong Kong.
Part of the Mark Allen Group.