Comparatively higher spreads and improving liquidity bode well for the ING (L) Renta Fund Asian Debt Hard Currency Fund, says senior client portfolio manager Roy Scheepe.
The fifth largest fund firm by regional assets teamed up with investors led by Ashwin Mehta to buy ING Site in Taiwan. This is the penultimate piece in the breakup of that business.
The Asia-Pacific chief of ING IM is to depart, with reports indicating that Ameriprise, the parent of Threadneedle AM, has pulled out of negotiations to buy ING IM's Asia platform.
ING Investment Management says Patrick Chia will not be continuing with the firm, having been there just three months. It may look overseas for a replacement, in what is expected to be a trend.
The firm hires Patrick Chia from Amundi to lead what will soon become a 10-strong Asian fixed income team. CEO Grant Bailey says it shows the firm’s commitment to the strategy.
Slowing world trade growth and net capital outflows will see pressure on EM growth intensify, says ING Investment Management. It is overweight China, India and Malaysia.
The firm takes Joel Kim from ING IM to coordinate and build its regional offering. Grant Bailey of ING IM says he regrets Kim’s decision but won’t react in a knee-jerk way.
Next month’s G-20 summit will determine whether rising confidence in domestic economies among Asia investors will translate into bolder capital allocation, says ING Investment Management.
ING Investment Management names Pranay Gupta as Asia-Pacific chief investment officer, while Nick Toovey is leaving his role as regional head of equities.