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.
Banks in Southeast Asia are selling their asset management arms as risk management costs rise and clients seek more adventurous products, drawing interest from Western insurers.
Digital distribution platforms could offer alternatives to fund passporting in Asia, but they may struggle in the face of regulatory scrutiny, say some experts.
More sanctions related to investment product sales are expected after the Hong Kong unit of Chinese wealth manager Noah was fined last week. Fund houses should be concerned too.
Sebi's latest proposals to segregate advice and product distribution indicate a marked shift in thinking and plugs loopholes that were to the detriment of investors, said experts.
The UK-based fund house has poached a UBS veteran for the newly created role.