Rich valuations and high investor expectations in ASEAN markets, combined with expected slowing growth, have created room for disappointment, said Hozefa Topiwalla, managing director at Morgan Stanley.
Tag: Rest Of Asia
BlackRock on Stock Connect
BlackRock Asset Management sees investors getting access to a wider range of mid-cap stocks in China’s consumer discretionary, consumer staples and industrial sectors through the Hong Kong-Shanghai Stock Connect, said Helen Zhu, head of China equities.
Asia high yield offers safe haven
Global interest rates are likely to remain low for a “considerable period”, according to Aviva Investors, and certain factors suggest Asian high yield is preferable to comparable US products.
Nikko AM makes 3 senior hires
Nikko Asset Management has made three senior hires covering sales in North Asia, client development in the Middle East, Africa and Asia and consultant relations on a global basis.
Asia better prepared for US rate rise
The US is poised to raise interest rates next year, but Asian markets look much better positioned than in 2013, when the expectation of an end to the US Federal Reserve’s asset purchases resulted in massive capital outflows from the region, said Jamie Grant, head of Asia fixed income at First State Investments.
Henderson appoints
Henderson Global Investors has appointed David Bennett as director of institutional sales in Asia, replacing Richard Clarke who recently resigned from his role.
China property sector
China’s property sector is down 8% this year, and Aviva is making highly selective decisions according to company and city, said Tim Jagger, senior vice president and portfolio manager for fixed income in Asia.
Maybank floats global sukuk fund
Maybank Asset Management has launched a US dollar-denominated global sukuk fund to meet investor demand for Shariah-compliant fixed income funds.
Maybank AM Bosera AM in pact
Malaysia’s Maybank Asset Management has entered into a pact with Hong Kong-based Bosera Asset Management to jointly develop funds investing in Shariah-compliant equities within ASEAN and Greater China.
Nikko AM takes lead in passporting Singapore fund
Nikko Asset Management has received the go ahead from the Monetary Authority of Singapore to offer a fund under the ASEAN Collective Investment Scheme.
