Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cerulli report claims China’s largest asset managers will go global in five years

Wednesday, December 12, 2012

Beverly Chandler, Opalesque London: On the back of regulatory change instituted by Guo Shuqing, chairman of the China Securities Regulatory Commission and other drivers for growth in the Chinese asset management industry, Cerulli Associates projects that the Chinese mutual fund industry's assets under management will grow at a four year compound annual growth rate of 13.3% to RMB3.9 trn (US$614.1 bn) by 2016.

Cerulli believes that Chinese investors will walk away from their direct equity culture and return to equity funds by 2014 or 2016. But the firm warns that the progressive, fast-paced regulatory moves will benefit only the largest asset managers.

The Cerulli Quantitative Update: Asset Management in China 2012 says the new regulatory direction has several side effects. "It creates simultaneous competition from other segments of the financial services industry, such as securities companies that are now allowed to create and sell a wide variety of products without having to seek approval from the regulator" the firm writes.

"Securities companies' new investment parameters include commodities futures, interest rate forwards and swaps, asset management products investing into securities firms' special projects, and wealth management schemes from commercial banks and trust companies" Cerulli says.

"These are the types of assets that wealthy invest......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und