V is for Vietnam, not volatility
Despite the return of market volatility, a Vietnam equity fund managed by JP Morgan Asset Management has soared to the top as best performer, according to data from FE Analytics.
‘Safe sectors’ no longer safe, warns Pictet AM
Investors should stay away from what they perceive as “safe sectors”, such as consumer staples and telecommunications, as they have accumulated more debt, according to Shaniel Ramjee, London-based senior investment manager for multi-asset at Pictet Asset Management.
Miton Optimal to offer DFM services in Singapore
Cape Town-based Miton Optimal, a discretionary fund management specialist firm, has received a full capital markets licence from the Monetary Authority of Singapore.
Hong Kong regulator targets big guns
In separate moves, Hong Kong’s Securities and Futures Commission (SFC) this month has gone after UBS, Deutsche Bank and brokerage firm CLSA for regulatory breaches.
China Everbright acquires US asset manager
The real estate asset management arm of Hong Kong-listed China Everbright has acquired Texas-based, real estate investment specialist Arrow.