The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.
US firm BNY Mellon has appointed Eugene Bang from Deutsche Bank as the new head of its Korean investment management business based in Seoul.
China’s green bond market to gain government support after Party Congress, as President Xi Jinping reaffirms green commitment.
Investors says they are looking for key areas of focus, including the new leadership's composition, capital controls, property and state-owned enterprise reforms.
Recently set up sovereign wealth funds in Kazakhstan, Morocco and Turkey, among others, want to attract more capital from Asia and elsewhere to invest in their domestic economies.
Global risk appetite is growing, according to the Bank of America Merrill Lynch fund manager survey. Cash levels are down, while equity allocations and growth expectations are up.