Asia
RL360° adds Guinness Asian equity income fund
RL360° have added the Guinness Asian Equity Income Fund to their guided-architecture fund range, making it accessible through their Quantum, Oracle, Paragon & LifePlan products.
Chinese securities regulator chief replaced
Following months of market turmoil, the head of the China Securities Regulatory Commission (CSRC), Xiao Gang, was removed from his post and replaced by Lui Shiyu, the chairman of the Agriculture Bank of China.
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.