Axa, BNP Paribas, Deutsche AM and HSBC helped account for strong growth in the second quartile of AsianInvestor's ranking of the biggest fund houses by Asia-Pacific assets.
The new product, based on the new FTSE China A-H 50 Index, provides exposure to the cheapest stocks of big mainland companies, whether they are listed in China or Hong Kong.
The Asia-Pacific chief investment officer for Deutsche Asset Management, Sean Taylor, suspects there will be little let-up in policy-making uncertainty ahead of the Central Politburo reshuffle in 2017.
Andrew Kwek, who is also Asia head of sales at DWS, will leave the newly formed Deutsche Asset & Wealth Management business after over seven years with the firm.
BNY Mellon names Japan president, new CIC chief speculation, KKR adds in Japan, Telstra Super chief to retire, DeAM Korea co-CEO exits, Eastspring hires in Greater China sales, Neuberger Berman names adviser, Bobby Wood moves to Serica.
Swiss Re hires head of China asset management business; BlackRock deregisters its China WFOE; DWS names head of Apac insurance coverage; Amundi appoints first Asia sustainability officer; Manulife IM appoints senior portfolio manager for asset allocation; Morgan Stanley IM hires portfolio manager for A-shares; and more.
CPPIB, Omers and OTPP are busy hiring in the region for investment talent in credit, real assets and particularly equities. Omers is also planning to add office space in Singapore.
Although sustainable funds have seen increasing inflows amid growing environmental awareness and the spotlight on social issues due to Covid-19, the industry still lacks a standard definition of sustainable investing. Nicholette MacDonald-Brown, head of European blend equities at Schroders, explains the firm’s three-pronged approach of people, process and purpose.
Special purpose acquisition companies (Spacs) have gained ground as financing vehicles for companies looking to go public. But Asian family offices have yet to make many investments.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.
The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.
China Pacific Insurance appoints new chairwoman, COO; AMP's CEO to leave by third quarter; Robeco announces duo in senior China roles; Axa IM hires head of institutional sales for Asia; GLP names co-president for logistics; BlackRock sells onshore Korea distribution business; Income Partners poaches head of distribution from Vanguard; and more.
The Hong Kong-listed shares of mainland companies should receive more interest as Chinese pensions and global investors seek to benefit from relatively low valuations.