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 South Korean asset manager has brought in Mirae Asset's former Hong Kong head of exchange-traded funds as it prepares to list more products in the city.
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
Certain leveraged and inverse exchange-traded funds newly listed in Hong Kong are being traded far more heavily than others, which has led some to question the source of demand.
JP Morgan and UBS still head Z-Ben Advisors’ annual list of the leading foreign fund firms in China. Meanwhile, AllianzGI, Morgan Stanley and Fidelity have leapt into the top 10.
The CIO of the $37 billion South Korean fund sees local stock market risk potentially rising as the country awaits a new president and his or her approach to North Korea.