Income products surge, but beware the risks
Investors have been pouring into income-generating products, but two big portfolio risks are coming from the US, said Edmund Yun, head of investment solutions at CIC Banque Privee in Hong Kong.
Author: Drew Wilson
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HEAD-TO-HEAD: JP Morgan vs Value Partners
Fund Selector Asia compares the JP Morgan Taiwan Fund with the Value Partners Taiwan Fund.
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China’s capital outflows increase for fourth straight month
In August, $51bn left the mainland, according to Standard Chartered estimates, as authorities increased support for the mainland currency, which is under devaluation pressure.
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China vulnerabilities “dangerous”, says IMF
The lending organisation had strong words about difficulties in “critical areas”, while Rhodium Group warned that wealth management products are behind shadow financing that is driving “unsustainable” economic growth, creating conditions similar to those that led to the 2007-2008 global financial crisis.
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UBS AM sees $3.5trn flowing into China fixed income
The firm has ambitious plans to target on and offshore investors in China and sees the asset pool in the mainland growing signficantly, said Rene Buehlmann, head of Asia Pacific and group managing director for UBS Asset Management.
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Investors seek yield in China T-bonds
CSOP’s five-year treasury bond index tracker has been gathering assets as the RMB appears to be stabilising versus the dollar.
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Money still leaving China-focused funds
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
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China’s market links resume as Brexit worry eases
After a Brexit delay, Hong Kong’s Shenzhen market connect is “imminent” and the Shanghai-London link will go forward, according to reports.
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Smart beta assets hit record high
Assets invested in smart beta ETFs/ETPs listed globally hit a record $429bn (£330bn, €387bn) at the end of June, according to research and consultancy firm ETFGI.
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Mirae: India takes big step forward on reforms
The passage of the Goods and Services Tax bill last week will simplify a complex tax code, boost consumer spending and enhance productivity – giving equities a tailwind, according to Mirae Asset Global Investments.
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HSBC GAM: No Brexit shockwaves in China
Brexit has not had an impact on China’s markets, and valuations are historically cheap, the firm said.
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Asian distribution an increasing focus for OMGI
The aggressively expanding firm has a strategy to build distribution relationships in the mainland, said Warren Tonkinson, managing director, of Old Mutual Global Investors.