Asia
Nikko AM to launch global credit Ucits fund
Japanese fund group Nikko Asset Management plans to launch a Luxembourg-domiciled Global Credit Ucits fund on Wednesday which will invest in a worldwide portfolio of corporate bonds and target a 4% absolute return.
Markets flat as Japan leaves helicopters grounded
Markets were largely flat on Friday as investors digested the news that Japan has decided not to launch the ‘helicopter money’ that some see as the answer to its economic struggles.
Axa inks strategic partnership with ecommerce giant Alibaba
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
WisdomTree launches China S&P 500 ETF
WisdomTree has added another product to its arsenal by announcing the launch of a new exchange traded fund (ETF) giving investors access to all classes of Chinese equities.
Personal wealth leaving China sees AIA’s business grow 60%
One of Asia’s largest insurer AIA has reported a whopping 60% growth in the value of new business from mainland China as regulators struggle to stem the flow of personal wealth leaving the country via Hong Kong’s offshore insurance industry.