The high minimum amount to open a private bank account is creating opportunities for small boutique wealth managers, according to Simon Parfitt, director at Hong Kong-based Pyrmont Wealth Management.
Tag: Hong Kong
Vanguard to shut down Singapore office
The firm said it has decided to consolidate Singapore operational and client activities in Hong Kong.
BMO, Jupiter, Schroders plan HK funds
BMO Global will launch an actively-managed fund that invests in passive products, while the regulator approved for launch other funds from Jupiter and Schroders.
Premia Partners to launch thematic smart beta
The Hong Kong-based firm expects to launch two smart beta ETFs in August, with one investing in the Asean markets and the other in technology-enabled companies.
Hong Kong WM assets hit $1trn
In 2017, total assets under management by the private banking and private wealth management business in Hong Kong hit $1trn (HK$7.8trn), while asset management was up 23%, according to the Securities and Futures Commission (SFC).
Are private banks snubbing Hong Kong’s ETFs?
Studies have pointed out institutions’ increased ETF usage, but this may not be the case for private banks in Asia, according to David Quah, Hong Kong-based co-managing director for Value Partners’ quantitative investment solutions team.
CSOP launches HKD money market ETF
Targeting institutional, high net worth and corporate investors, CSOP Asset Management has listed the Hong Kong Dollar Money Market ETF on the Hong Kong bourse.
Pictet WM: Asia’s industry leaders the better bet
Rising interest rates and global trade tensions are more likely to hit multinationals in Asia than the region’s home-grown leaders, who have become strong rivals, argues David Gaud, chief investment officer for Asia at Pictet Wealth Management.
Hong Kong set for Academy of Finance
Hong Kong’s finance sector is about to get a lot more academic after plans to set up an academy were boosted by the special administrative region’s monetary authority.
Singapore’s new structure to rival Cayman funds
Will Singapore’s new corporate structure for traditional and alternative managers grow at the expense of Cayman Island-domiciled funds?
