Principal Global hires Amundi’s Asia fixed income head; Unigestion appoints two investment managers for cross-asset solutions; Japanese firms using machine learning to invest; Microsoft, Alphabet and Apple still the most widely-held companies; Global firms launch tobacco-free finance pledge; and more…
Online fund distribution in HK to cut out middleman
The SFC’s new online distribution guidelines aim to create a direct fund distribution channel from firm to investor, bypassing banks and wealth managers.
The plus and minus of China’s new foreign ownership rules
China recently announced it would ease foreign ownership limits for fund management firms, but huge challenges await foreign players that want to enter China’s retail investor market, industry sources said.
Human-robo combo has highest chance of success
Asian investors seeking low-cost technology-driven financial advice are underserved, but providers of robo-advisory services have found the market hard to crack.