Long duration investment grade bonds and Japanese equities offer DPM clients yield and capital growth, according to Grizelda Lee, head of discretionary portfolio management at Bank of Singapore.
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Long duration investment grade bonds and Japanese equities offer DPM clients yield and capital growth, according to Grizelda Lee, head of discretionary portfolio management at Bank of Singapore.
Hong Kong was the most popular market among the six markets surveyed globally by Avaloq for discretionary portfolio management services.
Banks want to grow their DPM businesses as they face pressure from low interest rates and increased competition from fintech and asset managers.
The firm also claims that its pure discretionary business in Asia is higher than the average in the region, according to Claude Haberer, equity partner and CEO for Asia-Pacific.
A slow, synchronised global recovery is providing a supportive backdrop for risk assets and driving discretionary portfolio performance, said Stefan Lecher, managing director and head of IPS client portfolio management for APAC at UBS Wealth Management.
Wealth managers in Asia often find that even as their clients seek advice, they don’t really want to give up control of their portfolio, said Richard Mak, head of advisory services at Pictet Wealth Management Asia.
Discretionary portfolio management is gaining traction in Asia, but is labour- and cost-intensive, raising challenges for smaller firms, according to Patrick Grossholz, Asia-Pacific head of investment management at UBS Wealth Management.
Part of the Mark Allen Group.