Comparatively higher spreads and improving liquidity bode well for the ING (L) Renta Fund Asian Debt Hard Currency Fund, says senior client portfolio manager Roy Scheepe.
The fifth largest fund firm by regional assets teamed up with investors led by Ashwin Mehta to buy ING Site in Taiwan. This is the penultimate piece in the breakup of that business.
The Asia-Pacific chief of ING IM is to depart, with reports indicating that Ameriprise, the parent of Threadneedle AM, has pulled out of negotiations to buy ING IM's Asia platform.
ING Investment Management says Patrick Chia will not be continuing with the firm, having been there just three months. It may look overseas for a replacement, in what is expected to be a trend.
The firm hires Patrick Chia from Amundi to lead what will soon become a 10-strong Asian fixed income team. CEO Grant Bailey says it shows the firm’s commitment to the strategy.
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.
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.
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.
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.
The Canadian pension fund is transferring a senior portfolio manager from Singapore with a view to expanding and internationalising its capital markets team further.
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.