London remains well set as a European base for Asian fund houses, but it's not so clear-cut now for non-EU wealth managers, says Leonard Ng, partner at law firm Sidley Austin.
Tag : brexit impact
The Chinese wealth manager believes the UK's vote to exit from Europe offers investment opportunities on the back of rising mergers and acquisitions.
However, despite its large international exposure, the $430 billion state pension fund says it will not take drastic action following Britain's vote to leave the European Union.
Most retail investors in Hong Kong and Singapore think their investments will perform worse in the coming 12 months, with the latter group especially pessimistic, finds a new survey.
.jpg&c=1&h=194&q=100&v=20240724&w=344)
Buy Asian stocks beaten down by Brexit fears, says Josh Crabb, head of Asian equities at Old Mutual Global Investors. Others are tipping US shares and high yield.
Britain’s EU exit may raise the cost of fund distribution in the region, force foreign asset managers to rethink European strategies and threaten the possibility of a China-UK Stock Connect.
Britain has dramatically turned its back on the European Union in its landmark referendum. As markets tumble, reporters are gathering reactions on what this means for Asian finance.
Investment industry participants flag concerns about short-term market moves and long-term business complications that would result if Britain votes to exit Europe this coming Thursday.
A British exit from the EU would have ramifications beyond what many have considered, such as threatening an implicit deal with China, argues Jan Dehn, head of research at Ashmore.
