Another two senior executives, who oversaw private equity investment and wholesale clients, have left the firm following Franklin Templeton’s takeover of rival fund house Legg Mason.
Young affluent Asians are the most pessimistic retail investor group about the world economy and yet they expect 10.5% returns this year, according to a survey to be released today.
The US fund house is exploring entry to two new markets in Asia and is looking to build a fund manufacturing capability in Hong Kong, its management reveals.
The number of emerging affluent Chinese using a financial adviser looks set to rise substantially, as does their foreign asset allocation, according to a new survey.