BlackRock cuts to hurt Asia less; Malaysia's PNB names new CIO; Merian appoints HK sales head, global CEO; Sanne opens Tokyo branch; AllianzGI replaces Asia general counsel; and more.
Fund managers which have joint ventures in China could be among the biggest beneficiaries of the upcoming mutual recognition scheme, it has emerged.
Chinese regulators are putting up unnecessary barriers to fund managers wanting to take advantage of mutual recognition of funds between Hong Kong and the mainland, believe industry experts.
The US firm is looking to lure more Asian institutional money into its exchange-traded funds, but regionally listed products remain a hard sell.
The logistics sector is one of the hottest in Asia and the Canadian pension fund is steadily ramping up its focus in this area, says a senior executive of the firm.
Good ideas appear obvious with hindsight but the Hang Seng Big Bay Area indexes are a great market indicator for investors who are interested in investing in a dynamic region in the making.