News
China’s auto market – the key beneficiaries
China’s auto market has experienced substantial growth over the past decade and is poised to become the largest auto market in the world. With government policies reviving consumer confidence and stemming the fall in auto sales following a dramatic slow down in the domestic economy in 2008, China’s auto market is one of the few that continues to grow. However, shifts in demand means new domestic champions will emerge.
China’s auto market – the key beneficiaries
China’s auto market has experienced substantial growth over the past decade and is poised to become the largest auto market in the world. With government policies reviving consumer confidence and stemming the fall in auto sales following a dramatic slow down in the domestic economy in 2008, China’s auto market is one of the few that continues to grow. However, shifts in demand means new domestic champions will emerge.
Global Bond Fund launched for retail investors
The Bank of East Asia (BEA) has launched the BEA Global Bond Fund, which aims to provide retail investors with potential investment return over the medium to long term through investment in a diversified range of global bonds denominated in major currencies.
MUFG on Morgan Stanley’s new public offering
Following the change in Morgan Stanley's public offering, MUFG has revised its decision regarding the purchase of Morgan Stanley's shares of common stock. On May 11, 2009 (Tokyo Time), Mitsubishi UFJ Financial Group, Inc. (MUFG) made an announcement “Acquisition by MUFG of Morgan Stanley Common Stock and Partial Sale of Preferred Stock” regarding its decision to purchase shares of common stock of Morgan Stanley in a public offering by Morgan Stanley. In response to Morgan Stanley’s upsizing of the public offering, MUFG has made the decision described below to revise its original decision:
HSBC Jintrust launches large cap equity fund
HSBC Jintrust Fund Management Company Limited (HSBC Jintrust) has launched the HSBC Jintrust Large Cap Equity Fund. The heaviest equity-biased product from HSBC Jintrust, the Fund allows Mainland investors to capture the long-term growth of China’s economy.
Public Bank capitalises on Aussie prospects
Public Bank now allows investors to capitalise on the growth potential of the Australian market with its new fund. Called the PB Australia Dynamic Balanced Fund, it will be managed by the bank's wholly-owned subsidiary, Public Mutual.
Schroder ISF Global High Yield turns 5 years old
With a cumulative total return of 14.8 percent since its launch five years ago, Schroder ISF Global High Yield is celebrating its anniversary while ranking well within the top quartile of its peer universe.
HSBC launches CBBC on popular HK stocks
HSBC is boosting product diversity with the launch of a new range of single stock callable bull/bear contracts (CBBC) for the listed product market.
Mercer launches global asset class research boutiques
Mercer is adding depth to its research resource with the creation of global asset class research boutiques within its investment consulting business.
BNP Paribas eyes the affluent of Asia
BNP Paribas will now offer affluent clients a new range of investment solutions from Singapore with its Personal Investors' services. It will operate as a department of BNP Paribas Wealth Management Singapore branch through two dedicated teams—one focusing on Asian clients, and the other on Asia-based European clients. Both teams will offer clients the possibility of booking in Singapore and in Europe with a wide range of investment solutions.
Nomura adjusts subordinated convertible bonds price
Nomura Holdings, Inc. has adjusted the conversion price for its First Series of Unsecured Subordinated Convertible Bonds with Stock Acquisition Rights issued on 16 December 2008 from US$4.48 to US$4.46.
SGX sets up Investor Education Fund
Singapore Exchange Limited (SGX) has set up an Investor Education Fund (IEF) to benefit investors in its securities and derivatives market. The IEF will support initiatives that seek to improve the understanding and ability of investors to make better informed investment decisions.
EIP launches Asian high yield bond
Enhanced Investment Products launched its Asian High Yield Convertible Bonds launched with an initial investment of US$17 million.
Goldman Sachs is third sub-advisor for China Funds
HSBC has appointed a new sub-adviser to assist investors through its multimanager approach with the Chinese equity markets.
MUFG revises earnings forecasts for fiscal year
Mitsubishi UFJ Financial Group, Inc. (MUFG) has announced the revisions of its forecasts of earnings and dividend per share on common stock for the fiscal year ended 31 March 2009.
Castlestone launches modern art investment fund
Ever wanted to include modern art in your investments or pension portfolio but don’t know where to start? Castlestone Management can help, with its launch of an eight-year investment vehicle giving individuals access to the art market.
Global fiscal restructuring to impact Asians
Asian investors were alerted on the potential impact of restructuring efforts by financial institutions worldwide.
Hong Kong hedge funds hit hardest in Asia-Pacific
Almost one out of five hedge funds in the Asia-pacific region closed from January 2008 up to the first quarter of 2009.
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