Sweet spot growth sees Asian profits boom
Prudential has seen its Asian profits grow by 18% so far this year following particularly strong performances in its sweet spot jurisdictions of Hong Kong and Singapore.
Prudential has seen its Asian profits grow by 18% so far this year following particularly strong performances in its sweet spot jurisdictions of Hong Kong and Singapore.
The majority of retail investors in Asia are self-directed and do not rely on financial advisers when making investment decisions, says research by Cerulli Associates.
Aegons new life sales in Asia almost doubled to 27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions.
Rich valuations and high investor expectations in ASEAN markets, combined with expected slowing growth, have created room for disappointment, says Morgan Stanley.
First State Investments is planning to launch an absolute return strategy in Asia during the first half of next year.
Nikko Asset Management has received the go ahead from the Monetary Authority of Singapore to offer a fund under the ASEAN Collective Investment Scheme.
The ASEAN collective investment scheme framework will take time to gain traction as the real challenge lies in penetrating the local distribution networks, according to research firm Cerulli Associates.
RHB Bank Singapore is to sell insurance and retirement products from Manulife through its distribution network.
Asia-Pacific is set to become the region with the largest number of high net worth individuals (HNWIs) and highest wealth growth by the end of 2015, after recording world leading growth in 2013.
Recent government policies in Japan and Korea are creating potential dividend yield opportunities, according to Piergaetano Iaccarino, senior vice president, Pioneer Investments.
Manulife Asset Management has launched two multi-asset products in Singapore that seek to offer regular income along with capital appreciation.
The current sell-off in global stockmarkets appears to have been forecast by respondents to Friends Provident International’s most recent investor sentiment survey.