The China-focused asset manager revealed broad losses across AUM, revenue, net profit and EPS for the first half, while announcing new hires and a UK office.
Tag: China
First mover in CIBM targets China state bonds
The enormous domestic bond market is “more liquid than people might expect”, said Robert Simpson, portfolio manager at Insight Investment, which is about to become one of the first foreign firms to invest through the newly-opened bond channel.
China approves Shenzhen-Hong Kong Connect
China’s regulator has formally approved the Shenzhen-Hong Kong Stock Connect, which was expected to launch last year.
OMGI hires JPM AM veteran as China head
Old Mutual Global Investors has brought in Richard Mo to develop ties with China’s regulators and distributors as the UK-based firm continues its Asia build out.
Asia-Pac fund flows plunge in H1
Total fund flows in Asia were down almost 80% compared to the first half in 2015, according to data from Strategic Insight.
Money still leaving China-focused funds
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
Record number of Chinese candidates taking CFA course
The number of would-be investment managers in China entering the Chartered Financial Analyst (CFA) programme reached a record high in 2016, overtaking new registrations from the US for the first time, latest figures from the CFA institute show.
HSBC GAM: No Brexit shockwaves in China
Brexit has not had an impact on China’s markets, and valuations are historically cheap, the firm said.
OMGI: China distribution too big to ignore
The aggressively expanding firm has a strategy to build distribution relationships in the mainland, said Warren Tonkinson, managing director, of Old Mutual Global Investors.
Assessing a Tencent investment
The Chinese internet firm is widely held in funds available for sale in Asia, but does it really have greater growth potential than Facebook? James Syme, portfolio manager at JO Hambro, argues that it does.
