UBS WM reports Asia income growth
UBS Wealth Management, part of Swiss bank UBS, said income from its Asian operations rose in 2015 while other regions were down.
UBS Wealth Management, part of Swiss bank UBS, said income from its Asian operations rose in 2015 while other regions were down.
Asset management firm Barings predicts that strong growth in makeup, Botox, electric vehicles and driverless cars in China will drive performance of its Asian funds, according to head of Asian equities, HyungJin Lee.
The Competition Commission of Singapore (CCS) has fined 10 firms nearly S$1m for collaborating to pressure a competitor to withdraw an offer of a 50% commission rebate on life insurance products.
The biggest portfolio risk this year is not yet priced into the market, said Kevin Liem, chief investment officer at wealth management firm TTG in Hong Kong.
The firm believes “lower for longer” will apply to energy prices, inflation and interest rates over the next five years.
The Monetary Authority of Singapore (MAS) is considering a new regulatory structure to accommodate open-ended investment companies (Oeics) in a bid to encourage more asset managers to domicile funds in the city-state.
The rise in aviation in China and emerging markets is presenting investment opportunities even for those unable to participate directly, says EdenTree.
The sharp increase in wealth management products to $3.6trn raises credit and liquidity risks at Chinese banks, the ratings firm said.
Old Mutual Wealth announced on Tuesday that it has completed its acquisition of Singapore-based expat advisory business AAM Advisory.
Zurich Insurance has named climate change as one of the biggest risks facing economies in the Asia Pacific (APAC) region, according to a recent report published in partnership with the World Economic Forum.
Advanced economies have become the net receiver of market shocks, while China and other emerging markets have turned into the sources, according to an IMF working paper.
Consumers will go on being hurt financially until commissions on life insurance are banned in Australia, and a rigorous code of conduct is in place, says Industry Super Australia (ISA), an umbrella organisation for the retirement savings industry.