Singapore-headquartered i-Fast Group’s assets under administration (AUA) in China grew 140.5% to RMB 466m ($68.3m) in June from the previous year, according to the firm’s first half financial results.
Tag: China
Samsung AM shifts to smart beta
The Korean asset manager, which delisted six ETFs in Hong Kong last year, now plans a move into thematic and smart beta products for the Hong Kong market.
China’s quota programmes take a break
China did not give additional allocations for its inbound and outbound quota programmes last month, according to records from the State Administration of Foreign Exchange (SAFE).
MRF northbound funds lose half of assets in H1
Funds sold in China through the Mutual Recognition of Funds (MRF) scheme had a record month of outflows in June and in total lost half of assets since January, according to the State Administration of Foreign Exchange (SAFE).
China’s regulator alert to bond fund growth
China’s regulator has growing concern over short-term bond funds, which have almost doubled assets year-to-date.
Blackrock’s onshore China fund creates fee pressure
Blackrock’s first private securities fund launched onshore in China has adopted a low-fee strategy to attract domestic high net worth and institutional investors.
Get set for China’s earnings growth, says CIFM
Earnings growth, shareholding among top management and dividend payout are the more important factors when evaluating China’s onshore stocks, argues Judy Chang, chief investment officer at China International Fund Management (CIFM).
Investors find Chinese companies ‘difficult’
An overwhelming 98% of global investors said they have difficulties engaging with onshore Chinese companies, and a majority do not agree with the recent A-share inclusion on the MSCI, according to a survey conducted by the Asian Corporate Governance Association (ACGA).
Noah: China’s regs will lead to WM shakeout
Despite recent ‘sweeteners’ to the new asset and wealth management guidelines, the wealth management industry will likely consolidate as the new regs are adopted, according to Andrew Xia, chief research officer at NYSE-listed Chinese wealth manager Noah.
China drives global AUM to $79.2trn
Driven by mainland investors, the global asset management industry in 2017 had the strongest growth in a decade, according to a new BCG report.
