HSBC Global Asset Management (GAM) has appointed a new Chinese and HK equities chief and poached from Citic to strengthen its Shanghai joint venture.
HSBC Global Asset Management makes the case for Asian bonds as it launches three funds into China through the northbound MRF channel.
While the China A-share market is up nearly 30% this year, the market also fell 30% last year.
Allianz Global Investors is bringing in a stack of funds, including one that is focused on pets, while M&G Investments, post de-merger, sets up investment camp.
The managers of HSBC GAM’s two new low carbon funds are trying to cater to demand for lower carbon investments while at the same time influence companies to reduce their carbon footprints.
Janus Henderson adds; Noah is getting tech; HSBC loses; Vintage wines and investments; An ETF for every occasion; Italian volatility; advertising from AB and much more.
An upgrade for a Meridian fund and some new ratings as coverage is initiated on products from Fidelity, HSBC and Blackrock.
The June 14 decision by the index provider could send fund flows of $25bn into China’s markets, according to Stephen Kam, senior product specialist for Asian equities at HSBC Global Asset Management.
The firm expects that China’s development plan for the next five years will benefit the the IT sector.
Ravi Menon will become chief executive officer of HSBC Global Asset Management’s India office.