Fidelity Worldwide Investment expects growth in its institutional investor-base to outpace that of its retail business. Hiring is on the horizon.
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Tag : fidelity
The firm has introduced a new fee scheme for Hong Kong retail investors that it may export around Asia, with plans to increase provision of funds from external houses.
Industry firms stump up nearly $20 million in seed capital in order to finance a state-backed online venture meant to reduce traditional distributors’ stranglehold.
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.
Fidelity sees North Asia’s dominance as based on valuations, while Crédit Agricole favours Asean from an FX appreciation perspective – but fears a currency war has already started.
Madeline Ho has joined Natixis GAM as head of wholesale distribution for Asia-Pacific and MD of Singapore. She quit Fidelity last month after six years with the firm.
The two houses see dividends as an important income source for investors in 2013 as cashed-up companies look to increase payouts.
The UK house has remodelled its offering for mass-affluent customers in Taiwan and Hong Kong and may look to expand the platform once it is fully up and running.
Herman Chen joins Fidelity as head of institutional sales for China. He was previously Asia-Pacific head of ETF distribution at Lyxor in Hong Kong.
Arne Lindman steps down as Asia-Pac CEO as Fidelity removes the role to “simplify its structure”. Mark Talbot and Judy Marlinski are appointed to the global operating committee.
The firm has hired Kerry Ching from Fidelity IM to run Asia sales and distribution as it looks to build its Hong Kong office into a regional hub.
Dynamic bond and equity income funds are forecast to dominate the low-yield environment, agree Fidelity and HSBC Global Asset Management.
