The attraction of the internet is luring high-net-worth Asians away from wealth managers as they look for investment opportunities in blogs and social media, raising questions over traditional sources of advice.
European high yield is proving particularly popular, say fund managers, despite the risks involved. Meanwhile, some favour Asian junk bonds.
The UK asset manager has obtained approval to market directly to professional investors in Hong Kong and is expanding headcount in the city.
Marcel de Bruijckere starts at M&G, with two others set to join shortly, as the UK firm puts the final touches to its Asian business development team.
Sarasin finds SE Asia head, StanChart hires in asset services, M&G to add trio, Credit Suisse in Aussie reshuffle, Wealth-X unveils build-out and Hamilton Lane eyes Asia partner.
Fund managers see September’s ECB bond-buying pledge as a potential turning point, but concede that eurozone equities are still a tough sell to Asian investors.