Managers of Wealth Asia Pacific

China's sovereign wealth fund posts double-digit return from 2020 overseas investment

CIC's total assets expanded to $1.2 trillion by the end of 2020.

Millennials are now the largest buyers of ETFs in Australia

More than $39 billion of that ended up in exchange-traded products (ETPs), with the space growing faster in Australia than anywhere else in the world.

Huarong Posts $15.9 Billion Loss as Leverage Hit 1,333 Times

After five months of turmoil since it delayed its earnings report in March, China’s biggest bad debt manager this month secured a rescue package from some of the nation’s biggest financial firms.

Standard Chartered launches digital blockchain trade finance platform in Singapore

A joint venture between the Asia-heavy bank and a Chinese supply chain tech player aims to make trade finance an alternative asset class with digital efficiency.

What’s next for ETFs?

Once used as tactical instruments in a portfolio, exchange traded funds have evolved low-cost ways to build a portfolio.

The steep share price rise of the last all-male board

The last ASX 200 company to appoint a female director has seen its share price rise 348% over the past year, as the Australian Institute of Company Directors praises the fact there are no longer any all-male boards.

Cbus changes insurance premiums

For all ages in the electech category, cost per unit of TPD cover is decreasing by as much as 33c, however only those aged 15-34 will see a reduction in death premiums.

Life insurer wins RAC mandate

RAC insurance general manager of product sales Damien Van Pelt said RAC is a purpose-led organisation that strives to to deliver great services and experiences.

China’s NSSF reports 15.84% investment return for 2020

“The fund optimised [its] fixed income portfolio, beefed up credit risk control for bank deposits, and racked up investments in equities and direct investments,” it says.

BlackRock buys stake in Australian electric vehicle charging firm

“This is a great demonstration of BlackRock’s commitment to accelerating climate innovation in Australia,”

IOOF posts $143.5m loss for FY21

Earlier in the year, IOOF company announced plans to shed about 140 self-employed advisers, as it tightened governance (termed Advice 2.0), while it remediated advice clients.

Record FUM growth at Australian Ethical

The company reported that $2.9 million in performance fees from the Australian Ethical Emerging Companies Fund.

Investment advisor Charles Schwab to launch branch in Shanghai

"We will work with local governments and financial institutions to support the sector's rapid development,"

UK pursuing data partnerships with U.S. and others

Partnerships with countries including the United States, Australia, South Korea and other fast-growing markets

Blackrock launches landmark China fund

The China Securities Regulatory Commission has approved the first-ever public mutual fund run by a foreign asset manager.

M&G buys 40% stake in Japanese logistics centre for US$91 million

“This deal follows our recent acquisition of ESR Ichikawa Distribution Centre and increases our Japanese logistics portfolio to four properties allowing us to generate stable returns for our investors,”

Centrepoint to acquire Clearview’s advice business

“The acquisition will enable the group to realise strategic value and synergies between the two businesses,”

Perennial’s third private to public fund fully subscribed

“Our systematic filtering process, coupled with a large and growing pipeline of private opportunities, provides a diversified investment exposure which is otherwise difficult to access,”

HUB24 NPAT up 20% in FY21

HUB24 said its acquisition of Xplore and Ord Minnett portfolio administration and reporting service delivered its FUA growth.

KKR set for US$64 million profit on Vinhomes share sale

Vietnamese developer recorded revenue of US$1.81 billion in first of year, up 82% year on year

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