Pioneer Investments, Santander AM to merge

The deal will create a holding company, named Pioneer Investments, with combined assets under management worth €400bn ($431.7bn). According to the deal, UniCredit and private equity firms (Warburg Pincus and General Atlantic) each will own a 50% stake in the holding company, which will in turn own 100% of Pioneer’s US business. For businesses outside […]

Rising appetite for income products: Legg Mason

Almost 92% of investors surveyed in Singapore and 91% in Hong Kong said income-generating investments are extremely important in 2015.    At Fund Selector Asia’s income forum in February, asset managers stressed income investing opportunities are available across a range of asset classes despite the low yield environment. The Legg Mason survey released today found Singapore investors […]

Fund Selector Asia

AXA IM turns underweight on Chinese equities

“[A] word of caution is warranted following the stellar performance of Chinese equities over the past year or so. “Today A-shares trade at or above a 20x multiple and look simply expensive. A correction would offer a welcome breathing pause,” the fund house said in its asset allocation strategy note. In the medium-term, the investment […]

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