Weekly roundup of people news, Nov 20

BlackRock appoints first China private credit head; Nikko AM names head of consultant relations; Standard Chartered's global private banking head leaves in restructuring; Pictet WM hires fund specialist from UBS; RBC WM appoints new head of investments for Asia and international; Indosuez hires new COO; Natixis names three Taiwan executives; and more.

Partner Insights

The Case for a Dedicated China Equities Allocation

A China equities allocation makes sense when considering global growth, consumerism, foreign investment and the potential for higher returns. As an institutional investor or investment professional, being exposed to China has traditionally been an ancillary outcome of a decision to own emerging market (EM) equities. However, we believe there are potential return and risk benefits from considering China as an independent allocation.

Holding Gold: From crisis response to long-term returns

Long considered a safe-haven in troubling times, gold can provide liquidity and protection in risk-off scenarios - especially during systemic events affecting multiple regions and industries. It also provides a cost-effective hedging function compared to other options. Yet investors often still have reservations when it comes to adding or increasing gold exposure in their portfolios.

Indexed investment – New perspectives on China’s bond market

Amid global growth in fixed income ETFs, RMB bond index funds have shown rapid growth in the past three years. By the end of June 2020, there were 133 domestic bond index funds with a total value of ¥455.5 bn in China - 23 times greater than in 2018 - and 27 overseas-listed RMB bond ETFs with a total value of ¥53.6 bn, 99% of which comprised Chinese government bonds and policy bank bond ETFs.

Asian tourism: The long road ahead

Compared to global peers, Asia’s travel and tourism sector appears better positioned to weather the lingering challenges in a post-Covid world. Amid international travel restrictions, domestic tourism shows signs of recovery - while talk of regional travel bubbles brings hope to the industry. This is the final instalment in Eastspring’s Asian Expert Series, exploring the future of Asia post Covid-19.

In-depth

Magazine

Webinar

Emerging Markets Corporate Debt - Navigating the Unknown

Over the past two decades, the value of outstanding US dollar-denominated Emerging Markets (EM) corporate debt has increased by a factor of 20, to over $1.5 trillion – a larger asset pool even than US dollar EM sovereign debt, according to Bank of America Merrill Lynch. This growth has created unique opportunities for investors, particularly those rethinking their asset allocation and risk-reward profiles while seeking diversification and less correlated return streams.

In our upcoming webinar in partnership with Credit Suisse, our expert panel will address questions such as:

  • During Covid-19, how well did EM corporate bonds perform and why?
  • What are the key risk-reward factors that distinguish EM corporate from EM sovereign debt – and how are they influenced by historical default rates?
  • How can EM corporate bond valuations create attractive investment opportunities in countries where sovereign ratings are relatively low?
  • When does EM investment grade corporate debt offer an attractive alternative to developed market credit, vis-a-vis the underlying country exposures?
  • Which unique considerations are relevant to EM bonds, particularly when it comes to transparency, governance and auditing?

Join us for an in-depth discussion on this exciting area within fixed income.

Making the most of alternative data

There is ever-growing demand in today’s fast-paced world of finance for unique data streams to help guide investment decisions. From geotagging to sentiment analysis through natural language processing, a myriad of options are now available. Data management professionals, quants, research teams, and data scientists are all looking for new sources of alpha to help differentiate their offerings – but even the best raw data cannot be useful in isolation, and requires processing and context. Our panel of experts looks at which alternative sources are truly useful, and how they can be benchmarked against and integrated with more traditional data sources.

During this in-depth webinar, we will discuss:

  • How to deploy and execute an effective overall data management strategy
  • How to get the most out alternative data and data science programs
  • Analysis of key trends in data usage and alternative data demand in 2020
  • How the right datasets can guide technology planning and investment
  • Who can benefit the most from alternative datasets, and how

Going for gold: Allocation strategies amid uncertainty

The price of gold has been surging against the backdrop of fatigued economic growth. Its price has reached record highs thanks to near zero interest rates and a weakening US dollar.

Aside from its reputation as a safe haven in times of economic uncertainty and political risk, gold is a useful hedging tool and provides long term capital gain. Yet asset owners have concerns over liquidity and valuation as the asset does not provide any yield. 

The ‘Going for Gold’ webinar, in partnership with the World Gold Council, will host two leading asset owners and assess:

  • Investor sentiments towards US dollar
  • Interest rate and economic growth forecast
  • Key price drivers, liquidity and the supply and demand of gold
  • The ideal form asset owners should invest in gold
  • How to calculate gold’s asset valuation in different scenarios
  • Gold’s role as a strategic asset
  • Gold and ESG considerations

Drivers of change – macro forces and the new normal for insurance

In times of economic turmoil, the natural reaction is often to cut your losses. Plus, balancing assets and liabilities can be particularly difficult during a period of historically low interest rates, looming government debt and the risk of corporate defaults. However, amid these challenging conditions investors should combine a long-term investment view with bespoke investment solutions.

In our upcoming webinar, we discuss with insurance industry experts how best to map out a path to successful investment against a backdrop of tenuous economic recovery and geopolitical uncertainty.

  • How macro-economic forces are shaping risks for balance sheets
  • Regulatory changes in a broader context, such as IFRS 17 and IFRS 9
  • Current challenges in building products with investment guarantees
  • Embedding ESG considerations into the portfolio construction process
  • All weather asset allocation to navigate through market volatility

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Weekly roundup of people news, Nov 20

BlackRock appoints first China private credit head; Nikko AM names head of consultant relations; Standard Chartered's global private banking head leaves in restructuring; Pictet WM hires fund specialist from UBS; RBC WM appoints new head of investments for Asia and international; Indosuez hires new COO; Natixis names three Taiwan executives; and more.

Weekly roundup of people news, Nov 13

HSBC Global AM loses Apac head of consultant relations; Freeman Tsang resurfaces at Pictet AM; Ogier starts ESG practice in HK; Odey raids Newton to set up EM equity team; JLL names head of China capital markets; Equities First appoints heads of South Korea and Thailand.