Persistent widespread underperformance is prompting state institutions to reconsider their return goals and review capital assumptions, finds a new survey by Invesco.
Net sales of mutual funds in Hong Kong have fallen heavily in the year to October, with fixed-income products suffering the most, amid uncertainty over US interest rates and China's economy.
The fund house's growth plans include the hiring of dozens of staff across Asia, its CEO for China, Korea and Singapore tells AsianInvestor. Terry Pan has made Singapore expansion one of his priorities.
Foreign managers with a joint venture in China are likely to leverage the partnerships to their advantage under mutual recognition. But analysts say the quality of the cross-border relationships will be tested.
The firm has hired Lindsay Wright from Harvest Fund Management to run its institutional business as well as alternatives and investment solutions. It follows the appointment of Terry Pan.
The US fund house has appointed Terry Pan from JP Morgan Asset Management. It comes after Greater China CEO Desmond Ng left to join Allianz Global Investors.
After wild price swings on Shanghai Composite, the industry voices hope that Stock Connect and mutual recognition can bring much-needed diversification and broaden investor holdings.
A rebound in global and regional equity funds has seen Hong Kong record positive inflows, although bond and balanced vehicles have suffered. A bright future is forecast for RMB product.
Fund firms suspect high distribution costs in China will generate thin margins in the scheme's early days, but having to hire a distribution agent could help as they consider how to scale up.
HKIFA names new chair; Natixis Global AM replaces Taiwan head; Avenue Capital hires duo from PAG; Bennelong makes senior appointments; Jersey Finance appoints HK director; and ICI Global names chief counsel.
The firm is marketing a remodelled Asia ex-Japan multi-asset income fund largely for retail investors that allocates dynamically between equities and bonds.
Greater China equity funds have suffered the biggest redemptions, according to the Hong Kong Investment Funds Association.