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.
The firm's new head of Hong Kong and China retail, Eddy Wong, wants to partner foreign bank distributors to tap unutilised demand for overseas product. He is also in the hiring markets.
The acquisition of Aviva Investors' Asia-Pacific direct property business substantially expands JP Morgan Asset Management's real estate assets, headcount and client base in the region.
JP Morgan Asset Management is bullish on stocks such as financials, citing large Chinese banks as a buy, despite recent moves to curb lending on the mainland.