Managers of Wealth Asia Pacific

Manulife ousts HSBC as Hong Kong’s biggest MPF provider with Allianz tie-up

HSBC had a 25% share of the MPF market in September, according to a report from investment consulting firm Mercer.

Income Partners debuts PFM product in China

The firm is also targeting the retail investor base in the mainland via the MRF scheme.

BT Life to switch-off of pre-2013 SuperWrap life commissions

Some advisers were informed of the decision by BT more than a week ago, while others received notification only this week, leading to complaints that they have not been given sufficient notice to address the issue with their clients.

World Bank data shows Malaysians not saving enough for pension, three-quarters will have less than RM1,050 monthly benefit at age 54

Its data showed that almost three-quarters workers at age of 54 have balances under RM250,000 in their retirement savings account.

Korea Post seeks custodian, fund manager for mandate services

Korea Post has outsourced more than ten mandates thus far this year, including for private equity and infrastructure investments.

Malaysia seen within reach of 40% Islamic financing target

According to Moody’s Investors Service, Malaysia remains the biggest Islamic finance market in Southeast Asia.

US plans to invest US$2 billion in Indonesia’s first sovereign wealth fund

Indonesian Finance Minister Sri Mulyani Indrawati told Reuters in a recent interview that the government hopes to raise $15 billion for the sovereign wealth fund, which is expected to be launched in January.

UK’s Aikya scores first institutional mandate from Australia’s legalsuper

Melbourne-based legalsuper managed A$4.1 billion of total assets for 43,088 members of the Australian legal community as of June 2020.

EQT wins endowment mandate

EQT's approach to deliver performance for clients is through in-house Australian equities and fixed income along with external domestic and international funds.

Wells Fargo sets sights on Aussie super

Flood said for the moment the global firm is focused on providing ESG-centric small cap, all cap and global small cap options.

HKEX unveils automated settlement platform for Stock Connect

Synapse seeks to improve efficiency and transparency of northbound post-trade workflows

The rise of the third space: post-pandemic, flexibility is key to the future of real estate

Flexibility will be at the heart of the development of all types of property and a single-use district will not be sustainable.

Invesco Targets $100 Billion of Chinese Client Assets

U.S. asset manager Invesco expressed bullishness about the prospects in China with aims to grow its client assets in the market to $100 billion by 2023.

CLSA and BNP Paribas Securities Services partner to ease access to China’s equity capital markets via Stock Connect

The partnership between BNP Paribas and CLSA builds a strong bridge between China and global buy-side institutions via the MAP Model.

Aust Unity looks at capital raise via MCIs

The ability of Australian Unity and other mutual to raise funds via MCIs was made possible by the passage early last year of the Treasury Laws Amendment (Mutual Reforms) Act 2019.

EM corporate debt overlooked

The diversity of buyers, it said, made it also more inefficient than the rest of the EM sector, meaning price movements were likely to be greater in response to country or corporate news and events.

Allianz Global and Manulife form alliance for Hong Kong fund business

Under the strategic alliance, the sponsorship of the Scheme will be transferred to Manulife, and Allianz GI will remain focused on leveraging its core strength as a global active asset manager to provide investment solutions to the Scheme.

Acclime solidifies its presence in Vietnam with the rebranding of Domicile Corporate Services.

Matthew Lourey, Managing Partner of Domicile Corporate Services, and a team of close to 70 will join the Acclime family.

Indonesia says U.S. DFC will invest $2 billion in new sovereign wealth fund

The DFC was not immediately available for comment.

OCBC launches first tech ETF in Singapore

The IPO of the Lion-OCBC Securities Hang Seng TECH ETF began yesterday, after receiving Monetary Authority of Singapore (MAS) authorisation earlier this month.

Alternative Investments