India’s bank scandal to hurt investor debt demand: experts

Fund Managers

Indira Vergis

Feb 26, 2018

Sentiment on the country's bonds could suffer in the short term following the PNB scandal, but fund managers say foreign investors cannot ignore this high yield market for too long.

India’s biggest banking scandal is likely further cloud foreign investor sentiment on local currency Indian bonds that are already performing badly. But the allure of high relative yields...

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Malaysia's PNB appoints new CEO; Hong Kong's SFC moves office; Ping An Insurance adds third co-CEO; Principal Global Investors adds new head of North Asia institutional sales; JP Morgan AM names retail distribution head for Hong Kong; Sanne appoints business development heads in Asia; SC Capital hires head of investor relations.

Asset Owners

4 days ago

Joe Marsh

Norges Bank Investment Management has strong convictions on manager selection – and on Asia. In the first of a two-part series, AsianInvestor speaks to head of external strategies Erik Hilde.

Fund Managers

Jun 26, 2020

Joe Marsh

The Dutch firm has appointed its first insurance coverage specialist in Asia as well as a new institutionally focused Korea sales head and client portfolio manager for quant strategies.

Moves

Jun 26, 2020

Staff Writers

WTW hires American Century's Korea saleswoman; CIC sees executive VP exit; Knight Frank hires Singapore advisory duo; Deutsche taps HSBC for SE Asia wealth head; family office Kamet adds seven; Capital Group appoints sales duo; BNP Paribas WM structured investment head exits.

Moves

1 day ago

Staff Writers

KIC reshuffles leadership team; BlackRock Alternative Advisors' Asia head exits; Denise Ying leaves Franklin Templeton's institutional team; Muzinich adds private debt duo in Singapore; Natixis IM names HK, Macau institutional head; Merian confirms departure of North Asia sales chief; Minority AM sets up in HK; and more.

Alternatives

Jul 3, 2020

Bee Lin Ang

The only cross-border flows into Hong Kong commercial property this year have come from China, while local investors have been buying more overseas real estate, amid the recent turmoil.

Asset Owners

Jul 3, 2020

Jolie Ho

The national security law looks set to forever change how the Asian financial centre functions, and not in a good way. Candour is set to diminish, and social tensions may rise.

Rewind the clock back to 1998; the Asian financial crisis sparked a massive devaluation of Asian currencies, with many plunging by 30% to 40%. This exposed the danger of taking on short-term foreign-currency debt while relying on long-term local currency-generating assets for repayment – a currency and a maturity mismatch.

Partner Content

Jul 8, 2019

State Street Global Advisors

A new survey by Greenwich Associates indicates that investors see exchange-traded funds as an increasingly effective tool to access Asian fixed income. The liquidity of the products is a particular draw.

Just Published

Moves

1 day ago

Staff Writers

KIC reshuffles leadership team; BlackRock Alternative Advisors' Asia head exits; Denise Ying leaves Franklin Templeton's institutional team; Muzinich adds private debt duo in Singapore; Natixis IM names HK, Macau institutional head; Merian confirms departure of North Asia sales chief; Minority AM sets up in HK; and more.

Partner Content

1 day ago

Harvest Fund Management

Nobody can ignore the rapid evolution of China over recent decades. And as one of the first countries globally to try to return to ‘normal’ following the pandemic, there are opportunities for investors to capitalise on the evolving domestic markets.

Family Office

2 days ago

Adrian Murdoch

Capgemini’s latest report is a wake-up call for wealth managers as the heads of rich individuals are turned by big tech firms for information and value-added services.

Asset Owners

2 days ago

Richard Newell

As central banks provide further artificial support for listed assets, some asset owners have indicated that they may increase their exposure to unlisted assets.

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