Despite a 1H profit slide, Hong Kong-listed Value Partners said it intends to open offices in Malaysia and the US and possibly launch a ‘core China’ fund in Europe.
Tag: Hong Kong
Valuations push JPM to trim equities
Some equities were trimmed from the JP Morgan mixed-asset fund because the average valuation reached the upper-end of the firm’s projection, said Julie Ho, co-manager of the firm’s Asia-Pacific Income Fund.
i-Fast’s China AUA grows 140%
Singapore-headquartered i-Fast Group’s assets under administration (AUA) in China grew 140.5% to RMB 466m ($68.3m) in June from the previous year, according to the firm’s first half financial results.
Samsung AM shifts to smart beta
The Korean asset manager, which delisted six ETFs in Hong Kong last year, now plans a move into thematic and smart beta products for the Hong Kong market.
As PBs up threshold, do boutiques move in?
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.
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.
