The firm will be better able to source block liquidity in Asia as a result, says regional head equity trader Lee Bray. Meanwhile he is relaxed about potential curbs on dark pool usage.
Tag : jp morgan asset management
Mayur Nallamala, who ran $4 billion in Asian assets at JP Morgan Asset Management, has joined Royal Bank of Canada's investment arm as head of Asian equities.
JP Morgan Asset Management is bullish on stocks such as financials, citing large Chinese banks as a buy, despite recent moves to curb lending on the mainland.
Heidi Sutton joins JP Morgan Asset Management in Hong Kong in a newly created role to identify strategic initiatives and drive business growth. Goldman Sachs has not yet named a replacement.
It's too soon to predict a structural shift in allocations from fixed income to equities, says Neill Nuttall of JP Morgan AM. But opinions are divided and contrary data is stacking up.
But it faces challenges. “When I mentioned diversification and long-term investing [to intermediaries], they all laughed,” says new Asia head Jed Laskowitz.
The US-based fund house may look to enter the mutual funds market in Australia this year, as well as Southeast Asia. It comes as it launches a new market guide as a training tool.
The firm appoints Tai Hui from StanChart in a client-facing role as chief Asia-Pacific strategist for its funds business. His team may look to cover more alternative strategies.
The firm is marketing a remodelled Asia ex-Japan multi-asset income fund largely for retail investors that allocates dynamically between equities and bonds.
Howard Wang of JP Morgan's asset management arm talks up Chinese banking and consumer stocks, while the firm has cut property and financial holdings in Hong Kong and Taiwan.
Fund management firms in Japan are starting to launch equity products instead of global fixed-income funds.
Shaw-yann Ho joins from ING Investment Management to run JP Morgan AM's portfolio of Asian corporate bonds and to recruit credit specialists, as the firm aims to bolster its emerging markets credit team.
