Investors should keep in mind the long-term appeal of Asia and take a patient, disciplined approach to capture quality, according to Fidelity.
PGIM is advocating selective exposure to emerging market (EM) equities – including China – across growth leaders and fintech firms.
The investment manager believes Indonesia and India credits present better opportunities than China amid volatility.
The Securities and Futures Commission authorised the products earlier this month.
The wealth manager plans to grow its client base by 30-40% every year.
Some energy funds delivered the best returns, while turmoil in Brazil and China caused their markets to underperform.
The acquisition is part of its strategy to be a leading wealth manager in Asia.
Asian equities will bounce back as countries in the region reopen, said the asset manager.
A strongly performing JOHCM Asia ex-Japan fund has pared back its bets on China and built a hefty exposure to India equities.
With a gain of 6.1% – the MSCI India Index was the top performer in May