We asked two investment specialists and one custody services expert what the outlook for the upcoming Shanghai-London scheme is, given the uncertainty surrounding Brexit.
High prices, strict capital controls, renminbi weakening and over-supply concerns are all cited as factors hurting offshore flows into mainland commercial real estate.
Despite Britain’s vote to leave the EU, Select Property Group is doing a brisk trade selling flats in Manchester to Asian clients. It has just opened in Shanghai and is eyeing Hong Kong too.
iShares will launch its new MSCI-linked A-share exchange-traded fund at a time of negative sentiment on Chinese equities and into an already crowded space.
Shenzhen is believed to have handed out licences – but only $1 billion in extra quota – to another 30 fund houses under its QDIE cross-border alternative investment scheme.
UBS Asset Management plans to launch three or four products under the Shanghai QDLP scheme, amid rising interest from Chinese investors in foreign assets.
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.