Managers of Wealth Asia Pacific

Powerwrap to merge with Praemium

Praemium has $140 billion in funds globally with over 1000 clients.

Praemium, Powerwrap merger follows decade-long courtship

Powerwrap's board has unanimously recommended shareholders approve an offer from minority shareholder Praemium to acquire the remaining 85 per cent of shares in a transaction first reported by The Australian Financial Review's Street Talk column

China mutual fund assets jump 20% in January-May, Fitch says

MMFs, which are mainly distributed in China via electronic platform under e-commerce giants such as Alibaba Group, have been the largest fund type in the country since 2015, accounting for over half of overall mutual fund assets.

Asian high-yield bonds expected to remain a draw for investors

Shaw Yann Ho, head of Asia fixed income at J.P. Morgan Asset Management, advises investors to look at a bond manager’s long-term track record instead of just chasing short-term performance trends.

Japan’s GPIF investments hammered by stock losses

The results are not unexpected given GPIF’s high exposure to stocks, according to Teruki Morinaga, director for insurance at Fitch Ratings Japan.

Interactive Brokers Group Opens Singapore Office

Interactive Brokers Singapore Established to Serve Traders and Wealth Managers in Rapidly Growing Financial Hub

Amundi and OCBC co-brand for mixed-asset product

Several other firms in Singapore are also expected to launch multi-asset products.

Acclime strengthens its presence and service offering in Singapore with the acquisition of Jai Financial

Following the acquisition, JaiFin will continue to work with its clients with the support of Acclime Group's resources while contributing its specialised skill sets to the group.

BT un-aligns group insurance, awards mandate

The Regulatory Change Expense Recovery fee is designed to help BT cover the costs of government reforms impacting super funds.

Singapore funds industry anticipates robust growth with VCC incentives

We're now also seeing a lot of foreign interest in Singapore

Taiwan's BLF opens tender for US$2.3 billion global corporate bond mandate

The five winning bidders will each oversee $460 million of investments.

FWD Completes MetLife Hong Kong Acquisition

FWD will be renaming and rebranding the newly acquired businesses in the next few months.

Hong Kong’s ESR, Canada’s Manulife tie up to buy China logistics assets for 1.7 billion RMB

Toronto-based Manulife had around $900 billion of assets under management as of December 2019.

AustralianSuper throws weight behind SDG platform

The SDGs aim to achieve better outcomes for people all over the world by addressing issues like healthcare access, clean water scarcity and protecting the environment.

Edelweiss books Rs 2,819 cr pre-tax loss in Q4 on spike in provisions

Plans to bring PE as investor in wealth & asset mgt business; raise up to $200 mn in equity

DBS, Schroders launch multi-asset fund for retirement income planning

The distribution class offers intended payouts of 5 per cent per annum, while the accumulation class reinvests all potential coupons, dividends and capital gains back into the fund.

World’s largest pension fund loses $165 bn in worst quarter

Japan’s Government Pension Investment Fund lost 17.7 trn yen in three months ended March.

Insurance companies form alliance in Taiwan

Blockchain-based partnership makes life easier for customers with multiple policies

Temasek biggest shareholdings fall US$23.5 billion in three months

The government uses a formula that includes the expected long-term returns of all three entities to calculate the net investment return contribution, which helps fund the budget each year.

Japan’s Sumitomo Mitsui Trust opens US office

The company has three other overseas offices, in Hong Kong, London and Singapore.

Alternative Investments