A financial crisis induced by the West may come and investors should fasten their seatbelts in the coming months as markets could be very volatile, says Michael Power, global strategist at Investec Asset Management.
Financial markets so far this year have been rife with distress, confusion and occasional glimmers of hope in an increasingly volatile environment, notes Catherine Raw, portfolio manager with the BlackRock Natural Resources team.
The Singapore dollar could be an Asian safe-haven currency despite the city state’s vulnerability to external volatility, says Ronald Ip, director at wealth solutions group, Asia Pacific, global markets at HSBC.
Global equities may face 10%-15% downside in the coming months as uncertainties will stay with markets and Europe is very likely to enter into recession in 2012, says Emiel van den Heiligenberg from BNP Paribas Investment Partners.
HSBC Global Asset Management has poached Christopher Adams from BlackRock as director, senior product specialist for equities, based in Hong Kong with immediate effect.
Global equity funds continued to experience outflows during the second week of October, but the pace of redemption moderated to a four week low of $1.37bn, according to the latest data from EPFR Global.
Coutts & Co says Chinese equities are set to fall on the back of deteriorating economic momentum globally, tight liquidity conditions and downside risks to corporate earnings in China.
The next generation of affluent people in Greater China say financial planners are their most preferred source for advice, according to the latest research from Barclays Wealth.
Legg Mason subsidiary Western Asset Management expects emerging market currencies to outperform over the next 18 months and plans to increase its allocation to the asset class.
Catherine Yeung, investment director at Fidelity International, shares her views on Asia Pacific equities in the current market turmoil following S&P's decision to downgrade the US.
Economists see a further slowdown in China's economic growth due to the ongoing uncertainties about the global outlook.
China International Capital Corporation (CICC) and Hai Tong Asset Management (HK) are set to be among the first asset managers to receive a RQFII quota, Professional Adviser understands.
State Street Corporation has appointed John Sin as head of sales and business development for the firm’s Global Services Business in North Asia ex-China.
Simon Lue-Fong, head of global emerging debt at Pictet Asset Management, believes the asset class will outperform this year, driven by strong local currency appreciation.