HSBC Global AM names Southeast Asia head; Fidelity hires from JP Morgan AM; SSGA promotes within stewardship team; J Safra Sarasin’s AUM up in 2019; Investors pour $10bn in hedge funds; Japan investors invest in Grab app; and more…
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HSBC Global AM names Southeast Asia head; Fidelity hires from JP Morgan AM; SSGA promotes within stewardship team; J Safra Sarasin’s AUM up in 2019; Investors pour $10bn in hedge funds; Japan investors invest in Grab app; and more…
Separately, Morgan Stanley said it has brought an emerging market equities product to Asia.
The firm is seeking to hire key business and investment officers who will be based in the country.
Fund managers at HSBC Global Asset Management can accept or ignore ESG red flags, but they can’t deny the warnings, according to the firm’s responsible investment specialist.
The 2.5 year fixed-term bond fund aims for a 3.5%-4% yield and will be marketed to retail investors in Hong Kong and Singapore.
The fund will have IFC as an anchor investor and the managers will look for non-financial sector green bonds issued by developing countries.
At least $150bn will flow into China’s bond markets as Chinese government securities are phased into the BBGA Index, according to HSBC Global Asset Management.
This week FSA compares two China mixed-asset products: the Da Cheng China Balanced Fund and the HSBC Multi-Asset Income Fund.
HSBC Global Asset Management, China Asset Management and E Fund Management are expected to launch fixed income funds in Hong Kong, according to records from the Securities and Futures Commission.
HSBC subsidiary Hang Seng Bank posted a 13% increase in half-year income generated by its wealth management business, driven by fund sales and securities and brokerage services.
Part of the Mark Allen Group.