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 acquisition of ING Investment Management’s Korea business will allow Macquarie to package real-asset opportunities for local institutions.
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.