After losing four equity specialists to Threadneedle recently, Nikko Asset Management has acquired Asia ex-Japan equities boutique Treasury Asia Asset Management.
The purchase of DBS Asset Management included its Asian fixed income and currency team, boosting Nikko AM's fixed-income suite. Nikko's Singapore team move to the old DBS AM address next week.
Investment Outlook Series: Kam Yoke Meng, head of Asian equities at DBS Asset Management, favours Singapore and Taiwan, and says investors shouldn't give up on China.