Asia
Local partnerships must for global AMs
Foreign asset managers aiming to establish an Asia footprint should develop partnerships with local managers to gain wider access to the retail investor base, according to a Cerulli study.
Baring Asset Management awarded RQFII licence
Baring Asset Management has been awarded a RQFII licence, allowing it direct access to Chinese mainland Renminbi-denominated equity and fixed income securities.
Sweet spot growth sees Asian profits boom
Prudential has seen its Asian profits grow by 18% so far this year following particularly strong performances in its sweet spot jurisdictions of Hong Kong and Singapore.
Shanghai Hong Kong connect
Only partway through its opening day, the Shanghai-Hong Kong Stock Connect had already seen Hong Kong-based investors hit their USD $2.1bn (£1.3bn) daily quota.
Coram Martin Gray appointment
Gray will oversee multi-asset portfolios in Coram’s UCITS IV fund range alongside Sullivan, also a director and senior fund manager at Coram, with whom he shares a seven-year working relationship