Swiss wealth manager also downgrades Indonesian equities.
Investors should keep in mind the long-term appeal of Asia and take a patient, disciplined approach to capture quality, according to Fidelity.
Companies with resilient income and predictable cash flow are likely to be robust in the second half of this year, says the UBS Global Wealth Management chief investment office (UBS GWM CIO).
The US asset manager has teamed up with a local firm to launch its first mutual fund in the country.
Following recent underperformance in the region as a result of the impact of the pandemic, the longer-term outlook is now looking brighter, according to Eastspring Investments.
More banks were introduced on Raiz’s platform in Malaysia as its exclusivity agreement with Maybank expired last month.
Raiz Invest’s investor base in Malaysia and Indonesia is growing.
Indonesia’s affluent population is forecast to grow annually around 8%, and foreign firms have been moving in.
The Singapore firm’s majority stake adds it to the growing list of asset and wealth managers in Indonesia.
Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.