There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Wells joined Fidelity in 1996 and has more than 16 years of experience in fund management, both as a trader and portfolio manager. He was originally a fixed income portfolio manager for Fidelity in London. In 2002, he was relocated to Hong Kong to build out FidelityÆs fixed income team in Asia. Well's team currently oversees $2.8 billion in retail and institutional clientsÆ assets, including global bonds, US bonds and money market instruments.
Gordon says the firm will leverage Wells' Asian experience as Fidelity expands its product range in fixed income.
Prakash, a director of research for the past three years, will replace WellsÆs role in overseeing credit and quantitative research, trading, investment operations and directing investment teams in Asia. She has over 14 years of experience in with fixed income market in Asia. Prior to joining Fidelity in 2004, she worked at HSBC Capital Markets and Standard & Poors.
Separately, Michael Fong has been appointed to fill the new role as head of personal investment at Fidelity. Fong will be joining Fidelity from E*trade, where he was senior director and head of retail for Asia Pacific. In E*trade, he was responsible for sales, service, marketing and product development initiatives. Fong will assume a similar role at Fidelity, to expand its presence in the personal retirement solutions market in Hong Kong.
A 10-year veteran in investment sales, Fong had also worked for Citic Ka Wah Bank and TD Bank in Canada, Hong Kong and Singapore.
As of June 30, 2007, Fidelity International manages $290.9 billion of assets worldwide ex-USA and Canada, and has operations in 23 countries, including Japan, Hong Kong, South Korea, Singapore, Australia, Taiwan and India. It also has a representative office in mainland China.
To get the clarity they want to make informed portfolio decisions, asset owners and managers must now blend and adapt multiple sources of traditional and non-traditional data to create actionable insights, said speakers at a webinar hosted by AsianInvestor and IHS Markit.
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The boss of Thailand’s second-largest pension fund hopes that proposed changes in the law will help her diversify more into overseas markets. She is particularly bullish on China.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.