There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
This is the second multi-manager deal in Taiwan, following a similar arrangement between Russell Investment Group and Polaris Financial Group that was signed in November 2006.
First Taisec is the securities arm of First Financial Holding Company. It will oversee the registration and distribution of five funds via its affiliates, First Commercial Bank and National Investment Trust. The products are all part of Northern TrustÆs Dublin-domiciled, manager-of-managers fund range. The funds cover UK equities, Europe ex-UK equities, global equities, US equities and Japan equities.
Thomas Benzmiller, regional managing director at NTGI in Hong Kong, says the firm hopes to use the relationship with First Taisec to market more of its multi-manager and other products, including its index and enhanced index products.
He says the firms decided to embark on this partly because they felt a cultural kinship, and because First Taisec was looking for a product profile that multi-manager funds met. Benzmiller hopes this will lead to other business opportunities with First Taisec, including providing global custody to any international funds First Taisec decides to launch, or to sub-advise them. But the relationship is not exclusive for either party.
NTGI established a separate share class of the Dublin-based products to fit the local environment. ôThe multi-manager concept already exists in Taiwan and has been well received,ö Benzmiller says, adding the firm has similar distribution arrangements in Japan.
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.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.