Managers of Wealth Asia Pacific

IOOF sees surge in FUM

The addition of the P&I business brought $77.1 billion of addition FUM during the quarter.

Time for gold to shine?

Investors will soon pivot towards the asset class that performs best during periods of monetary debasement, argues Merian’s gold bug.

Anbang Forces Mirae to Seal Multi-Billion Dollar Lux Hotel Deal

Once an acquisition giant, Anbang reversed its function following China’s government takeover in 2018 which also included the arrest of former chairman Wu Xiaohui on fraud and embezzlement charges with an 18-year sentence.

Manulife enters joint venture with Mahindra Asset Management

Deal is worth $35m and sees the US firm take a 49% stake

Gold prices near steady as global stock markets gain

Some regions in some countries, including the U.S., are reopening at least some businesses that have been shuttered from the Covid-19-induced lockdown.

Japan's GPIF seeks firm to advise on emerging-market infrastructure strategy

He notes that the pension fund appointed DBJ Asset Management for its first global infrastructure mandate in 2018.

Qatar Petroleum places big LNG carrier order with Chinese shipyards

Total value of the contract could reach US$3 billion, depending on requirements

UK local authority pool seeks specialist China equity manager

The benchmark for the pool’s current emerging market sub-fund is the S&P Emerging Broad Market Index.

Platinum funds downgraded at Morningstar

Kerr Neilson is still heavily involved in the analysis but the total assets are roughly split as 70% to Andrew Clifford and 30% to Clay Smolinski, according to the note.

Canada, Dutch pensions, Hong Kong logistics firm in new US$1 billion joint venture

CPPIB will initially invest $450 million for a 45% stake in the joint venture.

ICBC Halts Commodity-Linked Products for Retail Investors

Despite the worries, official figures indicate limited levels of risk in the broader banking system linked to commodities.

Will Asia outperform globally?

The region is expected to be the first to recover from the pandemic, but investors are still cautioned from being too optimistic of the markets.

Invesco to launch bond fund in Hong Kong

The firm is betting that the fiscal stimulus provided by central banks will support investment grade corporate bonds.

Ping An Reports YoY Growth of 5.3% in Operating Profit

In the first three months of 2020, net profit attributable to shareholders of the parent company dropped 42.7% year on year to RMB26,063 million.

Samsung shifts Hong Kong oil ETF contracts to September after oil crash

The fund replicates performance of the S&P GSCI Crude Oil Index Excess Return by investing its assets in WTI futures on a rolling basis.

Thailand to borrow 1 trillion baht to fund stimulus, report says

The first stimulus package, unveiled on March 11, was worth 400 billion baht.

Melbourne hedge fund quietly folds

The business was helmed by Ben Silluzio as the chief executive and chief investment officer and Brett Dawson as chief operating officer and macroeconomist.

LGIAsuper revises down unlisted assets

In March, AustralianSuper cut the value of its unlisted assets to 7.5% on average, shaving off 2.2% in returns from its $126 billion balanced option.

Can palladium see temporary surplus this year? Norilsk Nickel makes its projection

Supply concerns have been one of the main drivers behind palladium's stellar performance this past year.

PGI readies high yield fund in Hong Kong

As other firms warn on impending defaults, the Asian high yield fund gets approval for retail sale.

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