Small and mid-caps were cut and the portfolio has a high level of cash, says manager of its Indian subcontinent fund.
Tag: India
India’s wealthy to grow by nearly 90% by 2023
Asia-based wealth managers have also been ramping up their capabilities to service Indian HNWIs.
Don’t fear India’s Modi, says Pictet AM
The ‘high conviction’ Pictet Indian Equities Fund is focused on financials and technology.
Citi hires from DBS for India wealth push
The firm has made two appointments aiming to capture a larger slice of the wealth management business represented by Indians based locally and abroad.
Asian family-run businesses shine
Amid pan-regional success, the past decade has seen Chinese family-owned corporates record a 15% average out-performance versus non-family-owned peers domestically, says Credit Suisse.
Report: China, India driving AUM growth
Asset growth in China’s money market funds is expected to slow, while India may see a period of consolidation among its robo-advisors, according to Boston-based research firm Cerulli Associates.
i-Fast’s China AUA grows 140%
Singapore-headquartered i-Fast Group’s assets under administration (AUA) in China grew 140.5% to RMB 466m ($68.3m) in June from the previous year, according to the firm’s first half financial results.
Can Wechat help with branding in China?
BNP Paribas Asset Management has followed several other foreign asset managers in launching a Wechat account in China, according to Janis You, Hong Kong-based Asia-Pacific head for brand and communications.
Study: Asia’s HNWIs expect outsized SI returns
High net worth individuals in Asia put strong returns ahead of building a better world when it comes interest in sustainable investment (SI) products, according to a survey conducted by Standard Chartered.
Video: First State Stewart on Asia-Pacific
Alistair Thompson, portfolio manager at First State Stewart Asia talks about opportunities and risks in Asia-Pacific.
