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 […]
Reform-minded governments in the largest Asian economies are driving a change in mindset, which is going largely unnoticed by the global investment community, said Ajay Dayal, investment director at Legg Mason Global Asset Management.
Analysts seem to be coming to a consensus that the price of oil will follow something like a backward checkmark trajectory, which calls for a very selective investment focus.
Some Asian investors are more weighted toward US equities than they have been in the past, but a repeat of this year’s US market performance is unlikely in 2015, said Tristan Camp, investment specialist.
In line with the move to more customised strategies, Legg Mason is trying to develop alternative products in asset classes such as private equity and real estate that also have the daily liquidity investors crave, said Joe Sullivan, the firm’s chairman and chief executive officer.
Global asset managers are looking at Asian fixed income instruments with the aim of getting more attractive yields than they would with comparable products in the US and Europe.
Asian markets and particularly China’s export-oriented businesses stand to benefit from the improvement of the US economy, according to QS Investors, a wholly owned affiliate of Legg Mason.
Victoire Asia Investments, a specialist fund management company, has received permission from the Hong Kong Securities and Futures Commission to start its business in the country.
Baltimore-based Legg Mason has chosen to wind down boutique subsidiary Esemplia Emerging Markets‚ which had about $500m in assets and employed 25 people.
One of these funds has returned almost three times as much as the other over three years, but has done so with almost twice the volatility, so which would you go for?