ASSET MANAGERS ON ASIA PACIFIC

From Hong Kong Standard--




Asset managers bullish on Asia Pacific

Friday, July 04, 2014

Sixty percent of asset managers plan to invest in the Asia Pacific region, a survey has found.
Financial services provider State Street Corporation polled 300 senior executives at asset management firms worldwide managing at least US$5 billion (HK$39 billion) of client assets between April and May.Of the respondents, 35 percent viewed Asia Pacific as the No1 region where the most growth is expected. Nearly all the Asia Pacific-based asset managers shared the same view.Considering to enter new markets, 81 percent of Asia Pacific- based respondents saw increased opportunity to do so over the next 12 months and 48 percent in the next three years, with China, India and Singapore topping the list of target countries. Senior vice president Paul Khoury said the positive outlook on business in China is due to its better economic performance than the rest of the region and the Shanghai- Hong Kong Stock Connect scheme plus mutual fund recognition between the SAR and mainland. Sixty-eight percent of the Asia Pacific-based respondents considered multi-asset solutions as the investment strategy that would drive business growth over the next three years. NATALIE LEUNG