In a move that refocuses its product offering and institutional coverage, the US-based asset manager has pared its equity investment capabilities in Asia and the UK.
Most official institutions are also planning to raise their alternative allocations, put more resources into risk analytics and financial technology, and increase their level of disclosure.
The French fund house has named its first salesperson in the region dedicated to sovereign institutions, as it continues to focus more on specific client segments.
Sovereign investors’ allocations to alternatives and emerging markets continue to grow, while they see recruitment as less of an issue this year, finds Invesco’s latest sovereign asset management study.
The investment consultancy has made an internal transfer to fill the newly created post of head of sovereign advisory for Asia, as it sharpens its focus on this client segment.
OTC derivatives trades that are not centrally cleared are likely to cost more than cleared transactions, due to pricing by bank counterparties, argues BNY Mellon.