China’s Bosera to launch three MRF products
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on 1 June, said head of intermediary business Laurence Lo.
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on 1 June, said head of intermediary business Laurence Lo.
There has been a clear shift among investors over the past two years, with the majority now favouring European equities over the US, according to the latest private client survey from JP Morgan Private Bank.
Downward pressure on the renminbi and A-share volatility are prompting China’s investors to diversify their assets, said David Leung, head of wealth management at Standard Chartered Bank in China.
ETFs could get a boost when they are allowed to be traded through the stock connect programmes, according to James Martielli, Vanguard’s head of portfolio review for Asia.
Positive developments such as evidence of an underlying improvement in industrial production and exports in Asia are luring investors back into emerging markets, said Pictet Asset Management’s chief strategist Luca Paolini.
In an east-west asset management partnership, SLI and Shenzhen-based Bosera International launched the Emerging Opportunities Bond Fund in Hong Kong on Monday.
Around $39bn fled funds in Asia during the first quarter of this year, and one asset class took an enormous hit, according to data from Strategic Insight.
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission (CSRC) and the Asset Management Industry Association of China (Amac).
China’s central bank has relaxed the rules for mainland corporations looking to issue bonds offshore, according to the People’s Bank of China.
The regulatory body of the Abu Dhabi Global Market (ADGM) signed an MoU with the China Banking Regulatory Commission (CBRC) on 28 April 2016, its first such agreement with an Asian regulator.
A combination of strong corporate earnings and the stabilisation of both the Chinese renminbi and global oil price are making “deeply undervalued” Japanese equities more attractive, according to Tokyo-based Sompo Japan Nipponkoa Asset Management (SNAM).
An agreement for the Shanghai-London Stock Connect is expected to be signed in September, according to local reports.