Several senior staff are believed to have left the fund house following its merger with Pioneer Investments, including heads for Asia institutional and China, as well as a lead equities PM.
Asia’s leading institutional investors see diversification by asset class as a risk mitigation strategy, despite this indicating they are selectively adding risk to portfolios.
Fidelity International is understood to have created a Greater China head of investment solutions role, while Manulife AM’s international head of portfolio solutions has moved on.
Even though US share valuations are stretched and Asian stock markets are on a roll, Asian institutions are still reluctant to stop overweighting Wall Street in favour of Asia.
Sovereign wealth funds in Asia and beyond are looking at unusual asset classes in order to improve long-term returns. It's leading them to push investing boundaries.
Investors in the region are increasingly seeking out securitisations in an effort to gain more yield on their debt investments. In some cases this is causing the risks of these assets to rise.