Asia Pacific asset management industry to double to US$29.6 trillion in 2025, PwC says

Published by Asia Asset Management – 24th Jan 2019

The Asia Pacific asset and wealth management industry will grow faster than in other regions with assets under management (AUM) expected to almost double to US$29.6 trillion in 2025 from $15.1 trillion in 2017, PricewaterhouseCoopers (PwC) predicts in a new report.

Published by Asia Asset Management – 23rd Jan 2019

US fund management company Principal Global Investors (PGI) sees growing demand this year for its “millennials strategy” from Asian institutional investors seeking exposure to stocks that are expected to benefit from the spending and lifestyle habits of the generation born between the 1980s and mid-2000s.

Published by Asia Asset Management – 23rd Jan 2019

Hong Kong-based Value Partners Group has laid off “a small number” of staff as it trims operations after warning recently that profits likely plunged as much as 89% in 2018, according to a spokeswoman for the asset management firm.

Published by Asia Asset Management – 22nd Jan 2019

Taiwan’s Public Service Pension Fund (PSPF), a mandatory defined-benefit scheme for civil servants, teachers and military personnel, has hired six locally registered fund managers for its NT$30 billion (US$971 million) domestic equity mandate.

Published by Fund Selector Asia – 21st Jan 2019

Only a handful of foreign managers have launched multiple products in China’s private fund market.

Published by Asia Asset Management – 21st Jan 2019

UK index provider FTSE Russell has launched its first China green bond index series, measuring the performance of 126 Mainland corporate and sovereign bonds, which together account for about three-quarters of the country’s onshore green bond market.