Emerging market hard-currency bonds generally seem a better buy now than their local-currency equivalents, says Sergio Trigo-Paz, the US fund house's head of EM debt.
Tag : blackrock
Asian institutions are shunning fixed-income ETFs due to low liquidity and lack of product choice, hampering industry growth. Recent market volatility has exacerbated the situation.
The world's largest asset manager starts with three index equity funds targeting institutional and retail investors in the city, but plans to extend that to active and diversified products in future.
The US asset manager saw Ning Jing leave last month, while Asia chairman Mark McCombe will stay put despite an approach by RBS.
The US fund manager says much depends on the government, but expects economic growth to slow in the second half. As such, it is underweight Chinese banks.
New chairman reported for CIC, BNY snags BlackRock MD, JP Morgan's head of North Asia exits, Robeco promotes PM and PGI hires Prudential executive.
Having won regulatory approval on Friday, the US asset manager will be the first to list a dim-sum bond ETF in Hong Kong.
The deal represents the US fund house's first foray into the Asia-Pacific private real estate market.
The choice of multi-asset income products available in Hong Kong has further expanded, after inflows into such strategies grew 600% year-on-year in early 2013.
A study finds just a third of Asian institutions invest in quant strategies, versus more than four out of five US peers. As a result, they are expected to play catch up.
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Alastair Gillespie has joined the US fund house as chief investment officer of Asia-Pacific real estate securities with a mandate to hire.
The firm appoints Scott Greenberg from Morgan Stanley as the first Asia representative of its global capital markets team. He will target primary equity and debt investment opportunities.
