Deutsche Asset & Wealth Management is to make a concerted bid for high-net-worth clients and will expand its Asia retail bank distribution, a senior executive tells AsianInvestor. The firm is also growing its headcount.
The regulator holds talks with the exchange-traded fund industry as it considers increasing cross-listings in Hong Kong. The city's ETF market has faced criticism over its dependence on Greater China funds.
Assets in Asia exchange-traded funds rose by 4.4% to $118 billion in February, according to a new report. And Deutsche has identified currency-hedged ETFs as one of the key growth drivers of the asset class.