Meanwhile, Asian wholesale fund buyers plan to reduce their high-yield exposure, said Matt Shafer, head of international distribution at Natixis Global AM, discussing a new survey.
Robo-advisers are set to slowly expand across Asia as investors seek to keep expenses down and banks aim to offer low-cost investment advice, argues Larry Cao of CFA Institute.
Foreign groups dominate Taiwan’s wealth industry, but fast-growing domestic players are pushing hard to gain market share.
Mignonne Cheng is stepping down as Asia CEO at BNP Paribas WM but remains chairman, in a move that has raised eyebrows. Some feel the firm is sharpening its focus on Southeast Asia.
Asia now accounts for half of all CFA certification candidates and has better female member representation. The CFA Institute also aims to open a Shanghai office, says its regional MD.
Guidelines issued on Friday aimed at curbing the growth of mutual funds tailored for individual – or small groups of – institutional clients have come earlier than some expected.
Private equity firms take note: Credit Agricole's wealth arm sees rising appetite from its Asian clients for private markets exposure. The bank's Asia CEO also stresses a growing focus on digital services.
Credit Agricole is building out its Asian wealth business, amid tough times for private banks in the region. AsianInvestor spoke to Indosuez Wealth Management's global and Asia CEOs.
The asset manager is readying its first pan-Asia Ucits fund and considering adding other products to its hedge fund platform, including mainland, macro and multi-strategy offerings.
Singapore-based BetaSmartz, which combines automated and face-to-face financial advice, is busy onboarding fund manager clients.
Joyce Ngan, the private bank's new Asia-Pacific head of fund solutions, spoke to AsianInvestor about picking products and how it recently put a fund selector in Singapore.
The two private banks have struck a deal that industry observers say makes sense for the firms and their clients and reflects a rising trend for wealth management alliances.
The wealth manager is likely to add equity products and favours long/short hedge funds. It is also seeking macro managers and eyeing smart beta and risk premia strategies.
Take-up of discretionary portfolio management is in the low single digits among Deutsche Bank's wealthy Asian clients, who should take more risk, says the firm's Asia CIO.
Fund firms, broker-dealers and investment advisers can help plug gaps in Hong Kong’s responsible officer regime, says Julia Leung of the Securities and Futures Commission.
The Swiss private bank's chief investment officer, Norman Villamin, says active managers are likely to attract flows from passive strategies as quantitative easing comes to an end.
Private bank LGT and JP Morgan Asset Management recommend selling emerging-market debt, but clients in Asia seem reluctant to do so.
Swiss private bank Syz has called time on its asset management business in the region, closing its Hong Kong office a decade after setting it up.
The Swiss asset and wealth manager is shutting its Hong Kong operation, a move that came as no surprise to market observers. More industry closures and consolidation are expected.
In the second of two articles on Alibaba's mobile-based fund platform, Ant Fortune president Huang Hao outlines how it picks and recommends products.