Barclays appoints Asia Private Bank head
Wee Yee-Yong joins Barclays from Morgan Stanley.
Investors can build their own investment profile using the Value Partners Invest mobile application.
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The product is Hong Kong’s first thematic ETF focusing on global emerging markets.
Ricky Tang will also take over as the co-head of client portfolio management at his new employer.
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Value Partners and HSBC Singapore also make senior hires.
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Technology hardware and Chinese healthcare equities should outperform during the rest of the year, said the asset manager.
The Islamic law compliant product will have exposure to China new economy stocks.
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Value Partners expects corporate earnings in the region to grow 25%, which should increase equity dividends.
The firm has appointed two China co-heads to lead its retail and institutional businesses in the mainland.
Gross performance fees drove the firm’s net profit, which was up 160% in 2020.