Blockbuster IPOs and a Middle East energy shock are driving investors to take profits and reallocate capital from the region’s highly concentrated tech giants.
The $630-billion manager is shunning the industry-wide push into private assets to focus on public market income, driving an eightfold surge in its flagship equity fund.
The surge in fee income from wealth management helps the regional lender offset a decline in net interest income amid lower rates and currency volatility.
BlackRock is deploying artificial intelligence to scan for alpha in Southeast Asia as the firm joins a Singapore-backed initiative to boost regional equity market liquidity.
The partnership pairs Taiwan’s AI investment technology with Singapore’s wealth management scale to connect North Asian wealth with new regional opportunities.
Capital Group is moving its core funds into Hang Seng Bank’s retail channel, marking the latest collaboration between a global manager and a local lender in Hong Kong.