JVs Archives - Z-Ben Advisors

China Mutual Fund Series: Quarterly Assessment – 3Q22

Distribution, Flows, FMC segregated accounts, FMC subsidiaries, FMCs, Fundraising, JVs, Market share, Mutual Funds, Products, Regulation

‘Nowhere to go but up’ seems to be the 3Q22 mantra. Even as overall AUM dipped slightly, the twin factors of four-year-low benchmark valuations and MMF yield compression conspired to turn investors to selective equity allocations. Not quite risk on, but a welcome outcome for certain managers. There are changes to industry sub-structure that portend […]

Distribution, Flows, FMC segregated accounts, FMC subsidiaries, FMCs, Fundraising, JVs, Market share, Mutual Funds, Products, Regulation

It has not been an easy summer for the mutual fund industry. Fundraising for high-fee products collapsed in 2Q22, forcing managers to change course on product development. Some did so adeptly; most did not. Signs of a recovery have been few and far between in 3Q22, suggesting the situation may persist through this year. Not […]

BWMPs, FMCs, Industrial Bank Wealth Management, JVs

Finding a bank wealth fit Bank wealth capital needs are being met with sizable retained earnings. This may alter the dynamic for foreign involvement in the industry. Global firms will need to reassess the merits and timing of potential partnerships. Please note that full versions of our China Alert are for clients only, if you […]

FMCs, Foreign shareholders, Franklin Templeton Sealand, HSBC, JP Morgan, JVs, Manulife Teda, Morgan Stanley

Manulife takeover advances Manulife looks to be the confirmed buyer in its JV auction. The head start will require an intensive personnel rework. Pressure for deal progress may reach other local teams. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please […]

AUM, Distribution, ETFs, Flows, FMCs, Fundraising, JVs, Market share, Mutual Funds, pension, Products, Regulation, regulations

Markets drew a challenging start to 2022. An optimistic January quickly gave way to meager demand for both equity and fixed income products. New fundraising hit a three-year low. Many product development plans were aborted, but some managers were able to pivot to maintain some semblance of momentum. As firms contend with their respective hurdles, […]

Amundi-BOC, BlackRock CCB, BWMPs, JVs

Working through the pension agenda There are new pressure points for bank JVs. Domestic peers are avoiding performance drops. Competitiveness of global brands will be tested. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please contact us: Tel: (+86 21) 6075 […]

Brokerage, Brokers, cross border, FMCs, FSDC, Institutions, Insurers, JVs, Markets, pension, private funds, Regulators, Stock Connect

This Dashboard will examine key developments onshore from the month of March, including: Regulators move to stabilize financial markets Fidelity winds down onshore private funds 2021 FMC profits Macro environment PBoC profit transfer Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. […]

Bank Wealth Management Subsidiaries, Distribution, JVs

Bank wealth: Access versus aptness The scope of the bank wealth industry is undeniable, but there are hurdles. Suitability for global managers remains the core concern. The alignment of product plans is essential at the outset. Please note that full versions of our China Alert are for clients only, if you would like more information […]

Active equity, AUM, ETFs, Fixed Income, Fundraising, Insurers, IPOs, JVs, Mutual Funds, Policy, QDII, Regulators, WFOE

This Dashboard will examine key developments onshore from the month of November, including: Banks vs. IFAs Prime money market funds November QDII quota issuance Investment advisory guidance Infrastructure REITs Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. Please note that full […]

Active equity, AUM, Bond funds, Distribution, ETFs, Fixed Income, Flows, FMCs, FOFs, Fundraising, JVs, Market share, Mutual Funds, pension, Products, Regulation, Regulatory

Fixed-income products continued their streak from 2Q21, helping industry AUM to another high. This is not a new phenomenon, but this time, the drivers are different. These are undoubtedly difficult times for active equity lines, but some managers have persevered in collecting net inflows amid the morass. At the same time, competition among distributors is […]

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China Alert – Finding a bank wealth fit

China Alert – Manulife takeover advances

China Alert – Competing bank wealth interests

China Dashboard – April 2022

China Alert – Bank wealth – Access versus aptness

China Dashboard – December 2021