The majority of retail investors in Asia are self-directed and tend not to rely on financial advisers when they make their investment decisions, according to a new research by Cerulli Associates.
Tag: Hong Kong
BlackRock on Stock Connect
BlackRock Asset Management sees investors getting access to a wider range of mid-cap stocks in China’s consumer discretionary, consumer staples and industrial sectors through the Hong Kong-Shanghai Stock Connect, said Helen Zhu, head of China equities.
Nikko AM makes 3 senior hires
Nikko Asset Management has made three senior hires covering sales in North Asia, client development in the Middle East, Africa and Asia and consultant relations on a global basis.
Stock connect to launch in one week
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November 17.
Hong Kong protest fears not playing out
Ongoing pro-democracy protests have not degraded the territory’s economy or financial industry, contradicting the grim predictions of the big four accounting firms.
First State absolute return strategy
First State Investments intends to launch an absolute return strategy fund in Asia as it seeks to expand its product offerings, according to Jamie Grant, head of Asia fixed income.
Asia better prepared for US rate rise
The US is poised to raise interest rates next year, but Asian markets look much better positioned than in 2013, when the expectation of an end to the US Federal Reserve’s asset purchases resulted in massive capital outflows from the region, said Jamie Grant, head of Asia fixed income at First State Investments.
BMO ETFs
Despite weak market acceptance for ETF products, BMO Global Asset Management is launching three Hong Kong-domiciled ETFs.
Maybank AM Bosera AM in pact
Malaysia’s Maybank Asset Management has entered into a pact with Hong Kong-based Bosera Asset Management to jointly develop funds investing in Shariah-compliant equities within ASEAN and Greater China.
Distribution challenges in ASEAN CIS
The ASEAN collective investment scheme framework will take time to gain traction as the real challenge lies in penetrating the local distribution networks, according to research firm Cerulli Associates.
