Promotion at EFG; Mestis Capital expands; Vontobel AM goes wholesale; Quaero Capital comes to Asia; Schroders reminds; Opec cuts; Hang Seng’s bargain and much more.
Fund Selector Asia compares two high yield bond funds: the Axa World Funds US High Yield Bonds with the Pimco Funds Global Investors Series plc US High Yield Bond.
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
Details on the Trump pledge to spend up to $1trn on infrastructure are sketchy, but renewable energy, surprisingly, may benefit, said infrastructure portfolio manager Matthew King at Morgan Stanley Investment Management.
Hong Kong’s Financial Services Development Council has developed a proposal for the Hong Kong-China Bond Connect, which aims to allow retail investors cross-border access to bonds.
The huge sales gap between north- and southbound funds being sold through the Mutual Recognition of Funds continues to expand.
Aberdeen, Eastpring and Thailand’s Kasikorn Asset Management are among the firms granted investment quotas in November.
Chinese government bonds could be included in the global benchmark indices next year, according to Hayden Briscoe, Asia-Pacific head of fixed income at UBS Asset Management.