The firm said the app tracks a client’s portfolio, tests it against critical risk factors and sends a notification when the portfolio deviates from the client’s investment strategy. It was developed in response to increasing client preferences for digital solutions in Asia. “We believe Asian clients are more digital than in other parts of the […]
Tag: Singapore
Huge pile of cash Manulife
Investors across the region rely heavily on cash savings, making it difficult to meet their key financial goals, the firm said. Across Asia, local-currency cash holdings account for a “disproportionately” large percentage of self-reported assets at about 37%. This rises to about 42% if foreign-currency cash holdings are added. Source: Manulife Asset Management The comparatively […]
Wealth management to open in Hong Kong
AIAM is a Singapore-based organisation that consists of independent wealth managers who promote a better understanding of their business model. Although independent wealth managers are far fewer in Hong Kong than Singapore, they still need a unified voice, said Jessica Cutrera, managing director of the wealth management arm of EXS Capital, who is leading the […]
Financial and industrial sectors have been good China bets
The two sectors have been strong performers due to various reasons. In the financial sector, banks have benefitted from a loosening monetary policy, which is expected to continue this year. The People’s Bank of China has cut both interest rate and banks’ cash reserve requirement ratio three times each since November to combat an economic […]
China gets lowest grade for investor experience
The research firm gave China a “D” because of high fees, particularly for allocation and money market funds. China’s limitations on overseas investing and restrictions on foreign-domiciled funds were also factors, as well as a relative lack of disclosure. “China was one of a minority of markets where the disclosure of conflicts of interest by advisors […]
Franklin Templeton brings alts fund to Singapore
The FTIF Franklin K2 Alternative Strategies Fund aims to offer capital appreciation with lower volatility relative to equity markets by allocating its assets across multiple alternative strategies.
Survey: HNWIs reliant on online advice know the least about finance
The gap between perceived versus actual financial knowledge has driven Asian high net worth individuals to increase their investment knowledge, according to the M&G Asia wealth barometer. While wealth managers are the number one resource (55%) for sourcing investment ideas and information, digital media (48%) and friends and family (48%) also followed closely. But investors […]
Is the Stock Connect fuelling a pan-Asian bull market?
Following the investor enthusiasm and record turnover sparked by the Hong Kong-Shanghai Stock Connect, other market linkages such as the upcoming Shenzhen and Hong Kong Connect, are in the works. Singapore and Taiwan have plans to link their stock markets in July, regulators have said publicly. The China Securities Regulatory Commission said it was studying […]
Henderson Global launches five funds in Singapore
Over the next five years, the firm intends to increase the source of assets under management from Asia to 15% of total from the current 3%, double regional headcount and develop local products, Alexander Henderson, managing director of Asia, told Fund Selector Asia.
Asian managers tend to wait and watch
Nearly 65% of respondents believed it is more prudent to instead learn from the experiences of first movers as the risks are high due to the complexity of dealing with several regulatory authorities. A majority of respondents (83%) expect an increase in the regulatory agenda in Asia over the next five years. “This poll suggests […]
