Pinebridge poaches SSGA’s EMEA CEO; UOB AM launches digital advisory service; Mirae Asset to launch alternative fund in India; Vietcombank/Templeton funds see AUM double; SSGA creates head of Korea role; India- and China-focused hedge funds are strongest performers; and more…
Infrastructure in India, curbing pollution in China, and specific smaller tech companies are the most promising investment opportunities in Asia, argues Joshua Crabb, head of Asian equities at OMGI.
Eight of the top 10 largest fund managers in India are joint venture firms, according to a report from Boston-based research firm Cerulli Associates.
Praveen Jagwani, CEO of UTI International, answers three questions about India’s fixed income market.
Coming from the asset management side, Stefan Lecher, new head of client portfolio management for Asia-Pacific at UBS Wealth Management in Hong Kong, said unconstrained managers have the best chance to excel.
November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told FSA.
Overshadowed by the US presidential election last week was a “bold and historic” move by the Indian government to ban 500 and 1000 rupee currency notes, which is expected to be “transformational” for the economy in the medium term, asset managers said.
In Hong Kong, CSOP Asset Management has launched a pair of leveraged and inverse exchange-traded products tracking India’s Nifty 50.
Fund managers believe the departure of Indian central banker Raghuram Rajan, or “RRexit”, will have little impact because he set the economy on the right course. But mid-term risk could rise.
India’s recent interest rate cut to a five-year low was a response to cooling inflation, analysts said.
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