ANZ Institutional’s Post

At the SIAS 25th Anniversary Corporate Governance Conference 2024, Mr Chee Hong Tat, Minister for Transport and Second Minister for Finance, and Deputy Chairman, MAS spoke about some areas that the Review Group is exploring to better position the Singapore equities market for growth – (i) Encourage pipeline of quality listings, (ii) Enhance investor participation and broaden market liquidity, and (iii) Re-evaluate our regulatory structures and approach. Read the speech: https://lnkd.in/gENFKNct

I used to work on Philippine Holidays. . . . Being in the financial institution for almost 13 years that caters global Capital Markets would allow us to be exposed in regulations, compliance, and settlements in different regions. Looped in regions like APAC, EMEA, and NA would give the understanding on their culture, way of working and also how the process of settling a trade and fund management would be an ideal end-state. Grateful for this industry to what I've grown and become. All of the struggles, pressure, and milestones -- worth it. Cheers to the new year! #fundmanagement #fundoffunds #capitalmarkets #financialinstitution

Today’s China Top Five: 💡 𝗡𝗲𝘄 𝗟𝗮𝘂𝗻𝗰𝗵 | 𝗔𝗹𝗹𝗶𝗮𝗻𝘇 𝗚𝗜 (𝗖𝗵𝗶𝗻𝗮) The onshore fund unit of Allianz Global Investors is preparing for its debut launch. The active equity product will begin fundraising on August 12, with the fundraising period running until August 30. The entity was approved to initiate operations in April. 💡 𝗛𝗮𝗹𝗳-𝘆𝗲𝗮𝗿 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 | 𝗖𝗵𝗶𝗻𝗮𝗔𝗠𝗖 China Asset Management Co., Ltd. recorded operating revenue of RMB3.7bn in the first half of 2024, and net profit of RMB1.1bn. Parent company AUM, including mutual funds, segregated accounts and pension portfolios, reached RMB2.16tr. 💡 𝗥𝗠𝗕 𝗙𝗶𝘅𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲 | 𝗧𝗿𝗮𝗱𝗲𝘄𝗲𝗯 Tradeweb reported that the average daily volume of onshore bonds traded through its platform was USD3.4bn in July. That marks a 4% increase month-on-month and a 62% YoY jump. Average daily volume for the first seven months of 2024 stands at USD3.3bn. 💡 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗙𝘂𝗻𝗱𝘀 | 𝗙𝘂𝗻𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀 A former well known mutual fund portfolio manager at Hongde Fund, Wu Chuanyan, has established a private fund management company. In recent years, the fund industry has seen high turnover among portfolio managers, with many moving to private funds. 💡 𝗤𝗗𝗜𝗜 | 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗨𝗽𝗱𝗮𝘁𝗲 The secondary market premium on QDII ETFs declined significantly in August, from an average of 2.7% at the start of the month to less than 0.1%. Global market volatility has also hit AUM, with QDII ETFs shrinking by more than RMB10bn.   #chinatopfive #zbenadvisors #assetmanagement #mutualfunds #ETFs #china #financialnews

Having spent more than a decade working in a senior role at a sovereign wealth fund, Yazid Mahadi knows a thing or two when it comes to an institutional approach to selecting investment products. After moving to Bank of Singapore, Asia's Global Private Bank two years ago, he has found that skillset has increasingly come in handy, as the private bank’s approach to fund selection becomes more institutionalised amid changing investor behaviour. In short, this means more rigour and discipline. Read the full article: https://hubs.la/Q02_cHBn0

Save the Date: The FSA’s “Japan Weeks 2024” Japan's Financial Services Agency (FSA) is hosting "Japan Weeks 2024" - a series of events aiming to boost Japan's profile as a leading asset management and global financial centre with the participation of overseas investors and asset management firms. Investment Director Oki Shiozawa introduces the series of events scheduled this Autumn and explains why overseas investors should visit Japan. Read more here: https://lnkd.in/dJwvBEqF #JapanWeeks #investor #FSA

Today’s China Top Five: 💡 𝗠𝗮𝗻𝘂𝗹𝗶𝗳𝗲 𝗥𝗮𝗶𝘀𝗲𝘀 𝗥𝗠𝗕𝟴𝗯𝗻 A newly-launched green and inclusive financial bond index fund from Manulife Investment Management raised almost RMB8bn from 330 onshore investors. The fund will be managed by Shen Qiaoyang, formerly of China Universal Asset Management. This marks a continuation of the trend of sizable passive fixed income fund launches. 💡 𝗨𝗹𝘁𝗿𝗮-𝗟𝗼𝗻𝗴 𝗕𝗼𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗥𝗲𝗮𝗰𝗵𝗲𝘀 𝗙𝘂𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 Several managers have submitted applications for 30-year treasury bond ETFs, feeders and index funds. Managers including E Fund Management Co.,LTD., ICBC Credit Suisse Asset Management and China Southern Asset Management Co., Ltd. have had applications accepted by CSRC. Pengyang was the first to list such a product and the AUM has increased significantly to over RMB2bn from less than RMB300m at launch. 💡 𝗠𝗼𝗿𝗴𝗮𝗻 𝗦𝘁𝗮𝗻𝗹𝗲𝘆 𝗜𝗠 𝗥𝗲𝗱𝘂𝗰𝗲𝘀 𝗖𝗵𝗶𝗻𝗮 𝗨𝗻𝗱𝗲𝗿𝘄𝗲𝗶𝗴𝗵𝘁 On the back of a policy-driven improvement in the outlook for share buybacks, Morgan Stanley Investment Management has reduced its underweight allocation to mainland stocks. The firm also stated that it’s A-share allocations remain targeted to certain firms and industries due persistent structural issues. 💡 𝗦𝗶𝗹𝗸 𝗥𝗼𝗮𝗱 𝗙𝘂𝗻𝗱 𝗔𝗱𝗷𝘂𝘀𝘁𝘀 𝗘𝘂𝗿𝗼𝗽𝗲 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 Silk Road Fund is selling its stake in Pirelli. At the same time, it has expanded its relationship with French private equity firm Trail with the launch of the Value Trail Phase II Fund – the second installment of a co-investment vehicle that invests in SMEs in Europe, Africa and other regions. The partnership between Trail and Silk Road Fund goes back to 2016. 💡 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀 𝗠𝗮𝗸𝗲 𝗠𝘂𝘁𝘂𝗮𝗹 𝗙𝘂𝗻𝗱 𝗨-𝗧𝘂𝗿𝗻 In recent months, there have been several instances of portfolio managers that previously moved to the private fund industry returning to fund management companies. A notable example is Wang Yin, who spent only six months at a private fund manager before returning to China Merchants Fund Management Co., Ltd.. This trend is an indication of the limited resources available to PFMs compared to mutual fund companies.   #chinatopfive #zbenadvisors #assetmanagement #mutualfunds #ETFs #china #financialnews

Hong Kong has secured the top spot in the Asia-Pacific and ranked third globally in the latest Global Financial Centres Index, overtaking Singapore with the largest score improvement among the top five centres. Alan Fong, Managing Director of Sovereign Trust (Hong Kong), credits proactive government measures, noting that growth in investment, IPOs, and the asset management industry continue to strengthen Hong Kong’s position as a leading financial hub. Want to know more? Read our latest article: https://bit.ly/4hWC50P #HongKongFinance #GlobalFinancialCentre #AssetManagement #Investment #SovereignGroup

Our new report launched this morning: Vision 2030: The future of Hong Kong’s fund management industry. Co-authored with the Hong Kong Investment Funds Association, Vision 2030 explores the current environment for asset managers in Hong Kong. It also considers how the sector can work with the government and regulators to enhance the landscape and ensure Hong Kong retains its status as the leading asset management hub in the region. Read the full report here:  https://lnkd.in/gkgGR8Pq #AssetManagement #Investment #HongKong

After #HaynesBoone's Albert Tan, LeAnn Chen, Emily Fuller and Mei Zhang attended the recent Fund Finance Association Asia-Pacific Fund Finance Symposium in Singapore, they put together key takeaways covering the state of the fund finance and fund formation markets in APAC, the evolution beyond subscription lines and the future of fund finance in the region. Learn their insights at the link in the comments.

Today’s China Top Five:   💡 𝗡𝗲𝘄 𝗟𝗮𝘂𝗻𝗰𝗵 | 𝗔𝗹𝗹𝗶𝗮𝗻𝘇 𝗚𝗜 The debut onshore mutual fund from Allianz Global Investors raised RMB250m from 2,072 investors. Company employees, including portfolio manager Cheng Yu and other investment staff, subscribed RMB10.7m to the active equity product. 💡 𝗘𝗧𝗙𝘀 | 𝗕𝗿𝗶𝗱𝗴𝗲𝘄𝗮𝘁𝗲𝗿 The onshore unit of Bridgewater Associates has reduced its positions in mainland-listed gold ETFs in 1H24. As a result, it now no longer features among the top ten holders of the gold ETFs issued by Hua An Fund Management Co. Ltd. and Bosera Asset Management Co.. 💡 𝗜𝗻𝗯𝗼𝘂𝗻𝗱 | 𝗙𝗶𝗱𝗲𝗹𝗶𝘁𝘆 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 Fidelity International registered two China A-share equity products in Hong Kong. Both are Hong Kong-domiciled, with one targeting the Mandatory provident Fund scheme. These are the manager’s first Hong Kong-domiciled launches since August 2023. 💡 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 | 𝗣𝗶𝗻𝗴 𝗔𝗻 PING AN established a new private equity fund with capital of RMB10bn. The fund is a collaboration between Longgang District (Shenzhen), and Ping An Group, focusing on supporting infrastructure development, major industrial projects, and the "20+8" industry clusters in Shenzhen. 💡 𝗦𝘁𝗮𝗳𝗳 𝗧𝘂𝗿𝗻𝗼𝘃𝗲𝗿 | 𝗙𝘂𝗻𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀 The mutual fund industry is experiencing a wave of fund manager resignations, with significant turnover observed in several bank-affiliated fund companies. Minsheng Royal has seen three equity fund managers resign in the past two months, while ICBC Credit Suisse Asset Management and CCB Principal Asset Management have also seen departures.   #chinatopfive #zbenadvisors #assetmanagement #mutualfunds #ETFs #china #financialnews