Asia
HNW client base from China increasing in Hong Kong, BEA says
Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
Second property-backed Chinese asset manager defaults
Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
Stress testing the multi-asset promise in Asia
Fund Selector Asia, IA’s sister publication, looks at the worst performing multi-asset funds during the volatility spike of the last 12 months, when the vast majority of these funds went underwater.
Australia’s AMP gets profit boost from wealth management
A strong performance from its wealth management arm helped Australian insurance group AMP boost profits by 10% in the year to 31 December 2015.
BMO to launch four ETFs in Hong Kong downmarket
Fifteen months after bringing its first three ETFs to Hong Kong, the firm is launching four more on February 18.