Having acquired joint-venture investment firm Ashmore-CCSC, China's Taiping faces a tough task building scale in the fiercely competitive mainland mutual fund business.
The “most hated asset class of the last few years” will be the best performer in 2016, argues Jan Dehn, head of research at UK fund house Ashmore.
Asset managers weigh the impact of China being included in key global debt indices, which they expect to start seeing this year, after the mainland bond market opened further last month.
Emerging market gurus such as Jerome Booth and Mark Mobius keep the faith, but most investors aren’t following them. So which is right?
Farallon and PineBridge are in the process of jointly acquiring AAA Asset Management, subject to regulatory approval, according to sources close to the deal.
Despite suggestions of tepid global demand, the UK firm is bolstering its China dedicated strategies with three actively managed debt, equity and multi-strategy RQFII products.
The UK fund house is said to have engaged a recruitment firm to help it set up its first branch in the Middle East, joining a list of firms making or planning similar moves.
HFT Investment Management's HK arm is set to launch the first RQFII money market fund. Meanwhile, RQFII applications are being readied in Singapore, and more RQFII and QFII quota has been awarded.
The emerging markets fund house underlines the scheme’s appeal after becoming the first manager outside of Hong Kong to gain an RQFII licence.
Hedge funds, urged by banks to buy big into EM debt ahead of Japanese institutions, were left high and dry, says the UK fund house's co-head of research.
The UK asset manager has hired 11 staff locally, but admits it will take time to build a track record and brand in what is an embryonic funds market.
But this approach by developed-country governments is allowing emerging-market banks to take the lead in servicing investors in their local debt markets, argues Jan Dehn.