A shift towards riskier assets, increased competition and weak profitability spells danger for the industry's near-term outlook, fears Moody's Investors Service
Tag : manulife
Fan quits China's largest fund house; Allianz hires new Korea CEO; SFC announces new advisory appointments; Manulife promotes Nutting in HK; Instinet adds sales executives.
And Asian wealth as a whole is over-concentrated in property and bank deposits, finds a Manulife survey.
Manulife Financial's inaugural investor sentiment index findings indicate some interesting differences between markets in the region.
Terrace Chum left his post as a managing director on the Greater China equities team last month to focus on his own business.
The fund house aims to capitalise on Japanese pension plans' growing interest in new investment types, including Asian fixed income and certain alternatives.
The Chinese fund house’s head of sales and marketing for its international business has left to join the Canadian group. Meanwhile, it has poached from E-Fund.
The firm is striving to get its funds on more bank platforms in Hong Kong, and Myles Morin is leaving the territory to head a similar effort in Canada.
Manulife Asset Management Indonesia took in strong inflows last year and has lured a senior executive from local rival BNP Paribas Investment Partners.
The Australian asset manager has poached Manulife Asset Management’s Indonesia fixed-income head and an equity manager from Schroder Investment Management.
MFC Global Investment Management and Aberdeen Asset Management are among those with strategies targeting renminbi-denominated bonds issued in both mainland China and Hong Kong.
The firm plans to fill its new $200 million QFII quota with a $140 million China A-share fund and a $60 million renminbi bond fund by the end of August.
