News

UBS overtakes JP Morgan in Chinese industry ranking

UBS_branchUBS has overtaken JP Morgan as the most successful foreign asset manager in China, according to an annual ranking by consultancy Z-Ben Advisors. The ranking aims to gauge which firms are best at raising money from the Chinese market, for domestic or international investment. The assessment also examined firms’ performance at channelling foreign money into Chinese assets. Analysts assign each manager a score based on direct surveys and market data. The consultancy said the top five firms, which include, in order, Schroders, Invesco and BlackRock, had extended their lead over the rest of the companies it studied, suggesting asset growth is being concentrated among the most successful companies. “A competitive break has occurred over the past year,” said the company in its report. “A small group of global managers has shown that a genuine focus on building a well-diversified China business leads to results.” The top five firms in the ranking each have stakes in Chinese asset management joint ventures as well as their own independent Chinese subsidiaries. “Diversification is the key facet of the best China strategies,” said the consultancy. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

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Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

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Roundtables

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Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

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