Jasmine Yu, director of manager research and monitoring at the US firm, explains in detail the various considerations that go behind onboarding a fund on its wealth platform.
Higher disclosure standards come into effect this month. Many fund managers, especially smaller ones, are unlikely to be fully compliant from the get-go, say legal and regulatory experts.
Domestic asset managers are increasingly sophisticated and could become global players within 20 years, said the Asia chief executive of JP Morgan Asset Management.
Digital distribution platforms could offer alternatives to fund passporting in Asia, but they may struggle in the face of regulatory scrutiny, say some experts.
More sanctions related to investment product sales are expected after the Hong Kong unit of Chinese wealth manager Noah was fined last week. Fund houses should be concerned too.
Challenges of big data and tech-empowered regulators require better processes, improved skill sets, and greater alignment, AsianInvestor’s 2nd Chief Operating Officer Forum heard.
Consolidation will continue in the funds industry amid rising cost pressures, with mid-sized firms feeling the tightest squeeze, says Ulrich Koerner, president of UBS Asset Management.
Investors are concerned by the high valuations and increasing risk in equities, but are keeping their allocations due to a lack of alternatives and more upside potential, say experts.