Despite recent record inflows into US municipal bonds, a lack of familiarity and heavy due diligence efforts have held back Asian investors’ interests in the asset class.
Incoming measures easing the regulation of depositary receipts could overcome the high cost of foreign direct investment, new research suggests. But foreign investors still face formidable challenges.
The US bank is reportedly in talks with the Chinese wealth management company to sell its equity holdings in the Shanghai-based BNY Mellon Western Fund Management.
Talented and experienced women are undervalued in asset management, say top female executives, who advocate mentoring men to reduce misunderstanding in the workplace.
The credit-orientated firm expects the positive inflows of 2009 to continue for absolute-return and inflation-linked fixed-income strategies.
The US asset manager has plans to hire at least 50 people across Asia next year, with the biggest headcount growth likely in China.