Real estate funds likely to be squeezed as the commercial real estate market may face ‘double whammy’ of lower occupancy and higher interest rates, family office investors and other asset allocators say.
Chinese banks have been ordered to lend more, but fear anti-corruption investigations.
But distribution platforms and discretionary portfolio managers plan to rebalance their exposure to equity by region and to bonds by type, a survey by Natixis Investment Managers finds.
The British bank has laid off its head of global research and chief economist amid pressure on investors' research budgets. It has also replaced its global head of structuring.
Chinese banks' large-scale outsourcing of fixed income investments could stretch domestic fund houses' capabilities for managing risk and increase the possibility of a blowup.
Struggling to provide steep returns on their wealth management products, Chinese banks are allocating to higher-risk bond funds, driving a fast rise in mainland managers' institutional AUM.
The Chinese regulator is understood to be worried about liquidity risk and fund firm independence amid a rise in outsourcing of bond mandates by commercial banks.
Banks are widely mistrusted as providers of investment advice and products, finds an EY survey. They should be more open on pricing and stop taking commission, says Jimmy Ng of Bordier.
AsianInvestor hosted the Fund Selector Forum Asia on November 12 at the JW Marriott Hotel, Hong Kong.
The transfer of assets from sell-side to buy-side firms is diversifying risk and reducing the likelihood of a systemic event, argues Bradley Ziff of technology provider Misys.
Wealth management products will attract big flows from deposits, thus pressuring banks, says UBS's head of China equity strategy. He also expects share prices to be hit by the restart of IPOs.
The sovereign wealth fund’s executive VP, Jesse Wang, labels proposed US and UK regulatory change “anti-globalisation” and challenges Hong Kong to step into the breach.