Aviva launches two multi-strategy products
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
Asian investors clearly prefer domestic equities, where they expect up to a 26% yield, according to a survey report by Eastspring Investments.
Growing concerns in China and other emerging markets could lead to “a prolonged deceleration” and have a “severe knock-on effect across the EU and the US”, according to the most recent report on risk by the Economist Intelligence Unit.
Chinese investors in the 18-39 age group prefer high yield products and are more aggressive and confident in their investment choices than older mainland investors, according to a survey report by Legg Mason.
Thailand’s Securities and Exchange Commission said that it intends to permit the launch of offshore hedge funds and junk bond funds later this year.
Foreign firms planning on a Hong Kong-domiciled product for the Mutual Recognition of Funds initiative will likely find limited appeal in China, said Anthony Yeung, managing partner and chief executive of Quantum China Asset Management.
Jersey-based investment and wealth consultancy Enhance Group said it will open a Singapore office to tap into the growth of private wealth across Asia.
The Hong Kong chapter of the Association of Independent Asset Managers (AIAM) is expected to launch in the coming months, aiming to give independent wealth management firms a unified voice.
The China Securities Regulatory Commission has said Northbound investors buying through the Stock Connect enjoy proprietary rights, clarifying a key outstanding issue for foreign investors.
Ageing populations have created incredible demand from pension funds and insurance companies for long-dated assets, but the supply falls way short, according to Rick Rieder, BlackRock’s chief investment officer of fixed income fundamental portfolios.
Local demand for income investments, a simplified registration process and the ability to add an RMB share class were good enough reasons to launch the locally-domiciled products, Gerry Ng, CEO of Asia ex-Japan, told Fund Selector Asia.
Product launches, additional local staff and Hong Kong-domiciled funds are part of the plan as Old Mutual Global Investors extends an aggressive Asia expansion, Warren Tonkinson, head of distribution, tells Fund Selector Asia.