Fixed income remains fund house’s Achilles’ heel as smaller rivals enjoy asset growth.

Fixed income remains fund house’s Achilles’ heel as smaller rivals enjoy asset growth.
HSBC Private Bank hires; Lombard Odier adds; Emerging markets on sale; ETFs learn from active; Nigerian bankers and guaranteed returns; advertising and much more.
Jupiter CEO Maarten Slendebroek said its Dynamic Bond Fund is suffering outflows because Asian investors are more optimistic about junk bonds, while European investors do not find the fund defensive enough.
Changes at Jupiter; Blackrock gold back in favour; DBS is offering cash; Generali Investments is eyeing Asia; Goldman Sachs has some new ETFs; IMAS wants sycophants; advertising from SLI and China AMC and much more.
The firm is largely unknown to retail investors outside its UK base, but client servicing, sales and marketing have expanded in Asia, and plans are underway for regionally-focused funds, said CEO Maarten Slendebroek.
Manulife Asset Management has hired Kathryn Langridge and Philip Ehrmann to run its new global emerging markets equity portfolio management team.
Just as October 1986 ushered in an era of deregulation for London’s financial markets, so 28 years later Chinese equity markets face their own mini Big Bang with the launch of the Shanghai-Hong Kong Connect.
Jupiter Asset Management is to offer clients of International Financial Services access to one of its flagship Merlin portfolios under a new partnership.
Part of the Mark Allen Group.