UBS Asset Management expects to launch China equity funds for onshore institutional and HNW clients in the second half next year through its wholly foreign-owned enterprise (WFOE), said Aries Tung, head of strategy and business development for China.
Aberdeen, Eastpring and Thailand’s Kasikorn Asset Management are among the firms granted investment quotas in November.
François Perrin, a portfolio manager at East Capital, says China’s environmental companies have outperformed their global peers and are insulated from the direction US policy takes.
China’s debt-to-GDP increased to 250% in the first quarter this year from 154% in 2008. But the firm believes the picture is not as bad as it seems.
Bondit, a fixed income-focused B2B robo-advisor, aims to capture the growing demand for China bonds over the medium term by partnering with mainland financial data provider Wind Info.
The world’s second largest asset manager has been approved to set up an investment management wholly foreign-owned enterprise (WFOE) in Shanghai.
There are a number of parallels to be drawn between the current debt overhang in China and 1980s Britain, particularly in the northeast, said Matthews Asia chief investment officer, Robert Horrocks.
Despite slamming the country as a trade “cheater” and “currency manipulator”, Donald Trump has not received a rough response from state-run media.
The Chinese press has been remarkably quiet on the new US president, but asset managers are weighing in on what they see as the negative impact of Trump’s protectionist views.
Though US presidential elections are approaching fast and Brexit uncertainty is still riding high, China is the biggest macroeconomic risk right now, according to fund selectors attending the recent Expert Investor forum in Barcelona, organised by FSA’s sister publication Expert Investor.
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