London remains well set as a European base for Asian fund houses, but it's not so clear-cut now for non-EU wealth managers, says Leonard Ng, partner at law firm Sidley Austin.
The Chinese wealth manager believes the UK's vote to exit from Europe offers investment opportunities on the back of rising mergers and acquisitions.
However, despite its large international exposure, the $430 billion state pension fund says it will not take drastic action following Britain's vote to leave the European Union.
Most retail investors in Hong Kong and Singapore think their investments will perform worse in the coming 12 months, with the latter group especially pessimistic, finds a new survey.
Buy Asian stocks beaten down by Brexit fears, says Josh Crabb, head of Asian equities at Old Mutual Global Investors. Others are tipping US shares and high yield.
Britain’s EU exit may raise the cost of fund distribution in the region, force foreign asset managers to rethink European strategies and threaten the possibility of a China-UK Stock Connect.