Asia
Australian wealth manager AMP posts 33% rise in net profit
Australia’s biggest specialist wealth management company, AMP, has posted a 33% rise in net profits for the six months to 30 June due to solid growth in its core domestic business and a big contribution from its Chinese joint venture.
Survey: Income investing top priority in Asia
Asian investors seek income products but are too focused on “familiar income-producing asset classes”, according to a Legg Mason survey report.
SFC intermediary licence applications jump by 15%
The number of applications for intermediary licences in Hong Kong has risen by just over 15% in a year, the Securities and Futures Commission has said.
Hermes expands sales team in Singapore
Hermes Investment Management is growing its sales team in Singapore with a new hire who came on board this week.
Hong Kong fund sales slide by 50%
The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal.