After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Although the size of the mandate will not be revealed for several months, Pictet Asset Management executives say the awarding of a mandate in principle by the China Securities Regulatory Commission is evidence that the firm is serious about its expansion ambitions in Asia-Pacific.
ôThe State Administration of Foreign Exchange decides how large the mandate is,ö explains Amy Cho, PictetÆs recently appointed head of institutional marketing in Asia-Pacific. ôOnce it does we are going to bring it to bear on our Asian and Greater China mutual funds. China is a market where we see great opportunities for growth, particularly in A-shares, which we think have good upside potential.ö
Obtaining its own QFII license means Pictet will no longer have to rely on brokers to provide it with Chinese exposure and, according to Cho, this will provide a significant opportunity for investors in Europe as well as Asia.
ôWe are starting to see huge distribution and are driven by the demand for investment opportunities,ö Cho says. ôWe have used brokers in the past but now want to develop our own investment utilities and this shows our commitment to the region.ö
Brunei Investment Agency names head of real estate; Former Temasek CEO Ho Ching joins EQT Future's mission board; APG managing director for global real assets relocates to Hong Kong; Manulife Hong Kong appoints chief financial officer and chief product officer; Wayne Swan commences as Cbus chair; AXA IM appoints head of client group alts Asia; and more.
Census experts say China's population will start to decline at least five years earlier than expected - investors are being warned to keep a weather eye on inflation and structural shifts.
Family offices in Hong Kong want to do more impact investing, but the paucity of ESG talent and the lack of uniform reporting standards are real issues for them.
An impending series of interest rate increases and the deterioration in relations between Russia and the West over Ukraine have worried investors in recent weeks, hence the volatility in US equities in particular.