Equity outperformance in 2015 is not clear-cut, with observers spying pockets of value in Japan and Europe after the volatility of last year. But investors need to hunt for opportunities.
After losing four equity specialists to Threadneedle recently, Nikko Asset Management has acquired Asia ex-Japan equities boutique Treasury Asia Asset Management.
Eastspring opens London sales office, Threadneedle bulks out Asia equities team, JP Morgan hires DBS exec, State Street hires ex-BNP MD and HSBC names head of Asian SWFs.
JP Morgan hires UBS executive, Mizuho names fixed income head, Threadneedle bolsters business development, Deutsche appoints EM equity head and Sarasin taps MD.
Five institutions are encouraged by underlying support for the global economy and see selective opportunities in equities and emerging markets in the Year of the Snake.