While market volatility has eased it’s better to collect dividends from US equities than put money in cash or fixed income, said David Kelly, JP Morgan Asset Management’s chief global strategist.
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.
JPMorgan Chase has cut around 30 jobs at its Asian wealth management businesses in Hong Kong and Singapore, as the US bank increases its focus on a smaller pool of wealthier clients.
Asia showed the strongest organic growth of fund inflows at 18.6% among the regions analysed by Morningstar in its annual research paper on flows.
Highbridge Capital Management has been appointed manager of the BlueCrest All Blue Investment Trust, following a vote at Wednesday’s extraordinary general meeting.
Nikko AM has named a new EMEA head; while Generali Worldwide, after losing its chief executive to Zurich, has poached a new sales manager for the firm’s Singapore branch. Zurich UK Life appointed a new CFO and RBS Group named JP Morgan Chase’s former head of wealth management in Asia as the new chief executive…
We’re now in the second month of the year and corporate musical chairs doesn’t appear to be slowing. In fact, opening International Adviser’s mailbox each morning to a slew of appointments, promotions, and departures is beginning to feel a bit like Groundhog Day.
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.
Blackrock, JP Morgan, Bluebay, AXA, Wermuth and GCP all launched new products this week.
JP Morgan Asset Management’s head of European funds Massimo Greco shares his insights on fees, Mifid II and the importance of stability in Europe.
JP Morgan Asset Management has launched a new Ucits fund, which will invest in a number of hedge fund strategies to deliver returns with lower sensitivity to traditional equity and bond markets.
JP Morgan Asset Management’s Bill Eigen has reiterated his high conviction in the unloved high yield market.
