The Monetary Authority of Singapore has awarded a capital markets services licence to a subsidiary of Ping An-backed Lufax Holdings yesterday, according to a statement from the firm.
Tag: Technology
Will robots replace fund selectors?
Using algorithms may help fund selectors choose products more efficiently, but human judgment is still key in choosing the right fund products, according to panellists at Fund Forum Asia 2017 in Hong Kong.
Blockchain to improve asset pricing process
Blockchain will make the asset pricing process of portfolio managers faster and more accurate by bringing various data sources in sync, said Liang Hu, head of emerging technologies centre at State Street.
Lion Global launches ‘disruptive’ tech fund
Singapore’s Lion Global Investors has launched a retail fund that invests in disruptive industries.
Investors scorn Samsung over suspended Note 7 sales
Shares in the South Korean electronics company fell considerably (7.5%) after the company suspended production of its Galaxy Note 7 smartphone due to persistent safety problems.
Pokemon Go fad highights gaming demand
The global mania for Pokemon Go underscores the powerful demand in the video gaming sector, according to Joshua Spencer, portfolio manager at T. Rowe Price.
UBS prefers equities to bonds
The bank has tactical overweight positions on equities and prefers US equities relative to high-grade bonds.
China’s Huatai buys US-based WM tech firm
Huatai Securities, China’s biggest brokerage by trading volume, acquired California-based Asset Mark for $780m.
Robo investment and advisory is gaining traction
The next wave of technology is being eagerly embraced by hedge funds and wealth management firms, and that could disrupt current models of investment and advisory.
VAM Funds taps China’s clean energy sector
VAM Funds believes China’s clean energy sector is poised for high growth over the next five years, driven by increasing consumption and government initiatives, said Martina Turner, lead portfolio manager.
