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.
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.
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.
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 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.
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.
The Hong Kong-listed shares of mainland companies should receive more interest as Chinese pensions and global investors seek to benefit from relatively low valuations.