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China shines as growth spot for UBS Asset Management

The firm is banking on the Shanghai-Hong Kong Stock Connect which will provide the second largest market in the world.

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Response to the Shanghai-Hong Kong Stock Connect has been muted so far partly due to operational issues. In the first three months since its launch, net inflows to Shanghai stocks totalled around 105 billion yuan (S$23 billion), just roughly a third of the 300 billion yuan cap allowed for the programme.

UBS Asset Management has set its sights on China as a growth area for its business in Asia, driven by the two-way investment flows that it hopes to capture.

Rene Buehlmann, UBS Global Asset Management's managing director and head of Asia Pacific, said many conditions for growth in China