The core transformation is towards a forward-looking, value-driven approach.
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The core transformation is towards a forward-looking, value-driven approach.
Sales of mutual funds during the third quarter reached RMB 14.05bn, up by 18.6% from the second quarter.
The Chinese wealth manager has also applied for a mutual fund advisory licence in the country.
Noah hires; Krungthai loses; Thai investors’ outlook; Buy Europe; Volatility endures; Singapore’s population; Ant Financial IPO; LinkedIn lunacy and much more.
In light of the Camsing scandal, the firm has distributed more simple products. The firm is also planning to join the new fund advisory scheme in China.
NYSE-listed wealth manager Noah and its asset management arm, Gopher, have joined the UN Principles for Responsible Investing (PRI) initiative.
The issuance of the capital market services licence by the Monetary Authority for Singapore (MAS) is a further step in the mainland firm’s expansion.
Gopher Redwoods Asset Management has already invested in five domestic asset managers, and management believes they can become global players.
With the new licences, the New York-listed Chinese wealth manager will be able to give financial advice to high net worth individuals and family offices in Canada.
Private equity products have taken a hit, according to the quarterly results of China’s two NYSE-listed wealth managers, Jupai and Noah Holdings.
Part of the Mark Allen Group.