JP Morgan Asset Management has expanded its Southeast Asia coverage, but has seen at least two individuals leave in Hong Kong, one for a rival US fund house.
August sales of Hong Kong funds under the mutual recognition scheme exceeded the total volume in the first seven months of the year. JP Morgan Asset Management accounts for the lion's share.
AllianceBernstein, Allianz Global Investors, Eastspring, Franklin Templeton, JP Morgan AM and Schroders are tipped to benefit strongly from their new awards under Taiwan's 'deep-cultivation plan'.
The US fund house has been beefing up its equity research desks in the region, with a strong focus on China, as it moves to better integrate Asia research within its global stock coverage.
Asian institutions are growing more inclined to trade in reaction to market events amid higher volatility, says JP Morgan Asset Management's regional head of institutional strategy.
International fund firms have been ranked by the strength of their mainland business, in the first such report from Z-Ben Advisors. Outbound activity is seen as the highest-risk category.
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.
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.
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.
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 Singapore state fund recently bought into impact investing specialist LeapFrog, and is eyeing more investments that combine strong financial returns with a positive social effect.