The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
It is often said that algorithms can only be as good as the tradersÆ underlying asset allocation decisions. The electronic execution market is making quick strides throughout Asia, and has become a vital product for many brokers. The algorithm just does its job of doing the spadework as efficiently as it can; the investor must still be the master of his trading strategy.
That is a point now being stressed by Credit Suisse, one of the market leaders in this field. It is now rolling out its algorithmic trading services to a number of countries globally, including, in this region, Malaysia. It will be supported by its advanced execution services department in Hong Kong.
Volumes have increased steadily in Malaysia during 2007 and electronic trading has been a big contributor to that surge. CS says that a large number of its clients have expressed interest in using its algorithm suites in Malaysia.
ôSpreads are still quite large in Malaysia with generally low turnover for many stocks. The median spread size is 60 basis points, but can be as large as 160 basis points,ö says Brook Teeter at CS in Hong Kong. ôSuitable algorithms in Malaysia to start with will certainly be VWAP and Reserve-type strategies. Algorithms such as Volume Inline will also work well.ö
Credit SuisseÆs dark pool, known as æCrossfinderÆ, will not be opened at this point for Malaysian trades. The next stop for that particular service is in Korea. Elsewhere in CSÆ algorithms, it has recently released a pairs trading system via its Trading Screen for the Asian markets. It will also expand DMA access to other parts of Asia and will announce more about that shortly.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.