OPINION: Why investors are running out of new ideas
Call it symptomatic of the summer lull but, with so much debate centred on cost, genuine product innovation seems to have taken something of a back seat.
Call it symptomatic of the summer lull but, with so much debate centred on cost, genuine product innovation seems to have taken something of a back seat.
Barings chief investment officer is to depart just two months after it was announced that the firm will merge with three other MassMutual affiliates. BlackRock has named a new chief investment officer in Japan, while Deutsche Bank has appointed a global head of M&A.
Baring Asset Management’s multi asset group has increased its exposure to emerging Asian markets for the first time in years and upgraded the asset class from a neutral to preferred.
The UK and Qatari regulators have made senior appointments, while Standard Life Wealth has split its head of business management role in two. Bordier & Cie have poached a senior planner from Aspinalls and are venturing into wealth planning, while Baring AM has appointed a new director.
The importance of structural growth stories in “new Russia” cannot be underestimated, said Michael Levy, lead manager for the Baring Russia Fund.
Barings’ chief executive in South Korea, Thae Khwarg, has said that he ‘welcomes’ proposed changes announced by the country’s Financial Services Commission (FSC) which would allow IFAs to provide independent advice while adopting a new fee-based only regime similar to the UK.
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.
Whether you support or oppose chancellor of the exchequer George Osborne and his party, it is hard to argue he is not a shrewd operator and a safe pair of hands for the British economy.
Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.
Barings’ Multi Asset Group has upgraded equities to “preferred”, amid encouraging signs of US growth.
The ongoing volatility in Chinese shares, triggered by concern over the country’s growth prospects, has reduced valuations to a point that is creating opportunities for stock pickers, according to some fund managers.
Rod Aldridge recently took on the role of head of EMEA wholesale distribution at Baring Asset Management. He discusses the need for careful co-ordination of the cross-border relationships between the markets under his remit.