The traditional method of setting a strategic asset allocation several years ahead is being challenged in an environment where investors are having to deal with low returns and market uncertainty.
The top 15 active houses worldwide attracted over half of industry inflows last year, proving size matters. Their growth was driven by income funds, equity, multi-asset and alternatives.
The first warrants covering a physically backed A-share ETF are to be issued in HK, the first product of its kind to be used with an equity derivative. RMB warrants are expected soon.
Post-crisis, there is greater pressure on managers of fund managers in Asia to justify their fees and provide more information about the funds they choose.