Institutional investors are treating their portfolios with a greater level of tactical awareness, a portfolio manager says, with multi-asset allowing them to apply their risk budget to prevailing market conditions.
Chinese policymakers have continued to intervene in the domestic equity market, but this has failed to stop the plunge and observers now fear China faces a credibility crisis.
The UK fund house is underweight Chinese equities due to growth concerns, and has increased exposure to US and Japanese equities, expecting monetary easing to continue.
The firm has tapped Marco Tang from JP Morgan AM in the newly-created role of head of sales, client service and business development across China, Hong Kong and Singapore.
Even though Philippine stocks are trading at a premium to Asian markets, investors are attracted by a strong domestic growth story. But that's not to say there aren't downside risks.
US dollar private-equity GPs and LPs fret about the explosion of Chinese RMB-denominated funds, but experienced players see upside too.