Changes at the top at CIC; KWAP appoints new CIO; PineBridge names deputy president for Japan; RBC WM fills Greater China roles; BNP Paribas boosts securities services team; Eastspring adds in marketing; and Strategic Insight hires research head.
The region’s funds industry saw $53 billion in net inflows in the first half of 2013, but the figure is sharply down year-on-year as a proportion of global flows.
Dynamic bond and equity income funds are forecast to dominate the low-yield environment, agree Fidelity and HSBC Global Asset Management.
Strategic Insight research shows Asia-based funds overall had a good, not great year in 2011, in line with the US and in contrast to Europe; but only the top managers benefited.
Investors in Latin America are buying Asia investment products, but it’s Western, not Asian, fund managers winning assets, says Strategic Insight.
US and European funds are capturing most of these flows, reflecting the problems of Asian mutual funds around the region, says Strategic Insight.