Pictet Wealth Management talks to FSA about ESG, the launch of an Asia bond discretionary mandate and the fund selection process.
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Pictet Wealth Management talks to FSA about ESG, the launch of an Asia bond discretionary mandate and the fund selection process.
The Geneva-based wealth manager is raising exposure to emerging markets and expects the dollar will weaken as US interest rates stay on hold.
The firm is also overweight cash and it believes most fixed income assets do not have attractive returns.
Rising interest rates and global trade tensions are more likely to hit multinationals in Asia than the region’s home-grown leaders, who have become strong rivals, argues David Gaud, chief investment officer for Asia at Pictet Wealth Management.
Private bank and wealth management clients in Asia are slowly putting more money in discretionary mandates, but they still account for a small portion of assets under management, according to Pictet WM and Deutsche Wealth.
Two CIOs, Pictet WM’s David Gaud and Matthews Asia’s Robert Horrocks, share their contrasting views on China’s banks.
Following strong performance in 2017, European high yield bonds will be less attractive in 2018 due to high valuation and liquidity risk, argues David Gaud, CIO of Pictet Wealth Management.
David Gaud, chief investment officer at Pictet Wealth Management in Asia, said skeptical investors should reconsider Chinese banks because of an acceleration in good credit and better fundamentals.
Wealth managers in Asia often find that even as their clients seek advice, they don’t really want to give up control of their portfolio, said Richard Mak, head of advisory services at Pictet Wealth Management Asia.
Pictet Group’s private banking unit in Singapore has appointed an ex-Goldman Sachs managing director as its new CEO.
Part of the Mark Allen Group.