Keep calm and carry on buying, says JPMAM head of US equities

INVESTORS fret about a host of issues ranging from the trade war to whether a global or US recession is imminent. But they should just "keep calm and carry on buying those equities, says Lee Spelman, head of US equities for JPMorgan Asset Management.

'Tidal wave' of assets heading for fund management industry, says JPMorgan AM chief

A "tidal wave'' of assets is expected topour into the asset management industry over the next five years, driven by an intensifying focus on retirement savings, says JPMorgan Asset Management chief executive George Gatch.

SPOTLIGHT

Card power

FOR the proverbial red carpet treatment, you need look no further than a luxe credit card. It seems there is almost nothing the concierge team behind a luxe card - on call 24/7 - can't do. Or, at least they try very hard.

TRUSTED ADVISER

Family succession takes centrestage

THE thought provoking issues of family succession, legacy and governance occupy Asian families who are clients of LGT Private Banking, says Lim Ping Ping, LGT Asia head of wealth planning.

ASSET MANAGER

Investing for good

OVER the past couple of years, investing for impact has gained traction, as more investors seek avenues for their investments that not only generate financial returns but also yield a social and/or environmental good.

BUSINESS FAMILY INSIGHTS

Starting succession planning early

AN OWNER of a family business typically engages in succession planning at a fairly late age, perhaps in his or her 60s or even 70s. But Derrick Yap, chief executive of PBA Group, has been grappling with the issues germane to succession planning since his mid-30s. He recently turned 40.

Endowus launches CPFIS portfolios with markedly lower fees

FEE-ONLY financial advisory firm Endowus is launching its portfolio service for savings in the CPF Investment Scheme (CPFIS) where all-in fees are estimated to be significantly lower than the market.

Integrated Shield scheme insurers nursing their results back to health

INSURERS in the Integrated Shield scheme (IP) significantly improved their underwriting results in 2018, despite maintaining still-predominantly loss-making health portfolios.

MIND THE GAP

Higher premiums work, but they're no magic pill

POLICYHOLDERS of Integrated Shield plans (IP), particularly those catering for private hospitals, have suffered relatively steep premium hikes over the past few years - both for their base plan and riders - especially at older ages.

DBS sees growth in family offices in Singapore

DBS Private Bank (PB) is making a concerted effort to assist ultra high net worth clients in terms of wealth planning and structuring, helping them in particular to establish a family office should they need one.

Refocus on the core

AS AN advocate of gender equality and a more inclusive workplace, Jennifer Johnson, president and chief operating officer of Franklin Resources, Inc, had no better role model than her mother, who raised seven children and after some years as a homemaker, went back to university to pursue a...

Low rates posing a challenge for long-term portfolios

EXPECTATIONS of lower interest rates in the US and Europe are proving a boon for risk assets this year, but ever-lower yields in the fixed income market pose challenges for long-term savings portfolios.

Singaporeans unprepared for health costs of longer lives

NEARLY half of healthcare practitioners believe Singaporeans will be hard-pressed to cope with the health expenses of living to 100, a survey by Prudential has found.

AIA plan aims to plug protection, wealth creation gaps for HNW clients

THE affluent in Singapore are not confident about their ability to create wealth for the future, a study by AIA has found.

Branded Content

Wealth planning - the super-rich are not spared

IT is tempting to believe that high net worth (HNW) families can afford to coast on their good fortune: They may operate a thriving business, own enough assets to eventually distribute to their children, and do not lack funds for life events such as a wedding or children’s university education...

BT EXCLUSIVE

Pictet bets on Asia expansion; aims to double team of bankers

PICTET Wealth Management (PWM) is pursuing a growth strategy in Asia, where it plans to double its team of bankers over the next few years.

Singapore-sponsored 8i enters into share exchange agreement with Diginex

8i Enterprises Acquisition Corp, the first Singapore-sponsored "blank cheque" company listed on Nasdaq, has entered into a share exchange agreement with a Hong Kong-based global blockchain financial services and technology company, Diginex Ltd.

High net worth wealth reverses 7-year uptrend in 2018

GLOBAL wealth held by high net worth individuals (HNWI) deteriorated in 2018 after seven consecutive years of growth, dragged down by Asia Pacific and China, in particular.

MIND THE GAP

Insurers keeping annual bonus rates unchanged

POLICYHOLDERS of traditional life insurance plans can heave a sigh of relief.

ARA goes global, more than doubles AUM to S$80b

ARA Asset Management, co-founded by group chief executive John Lim, has gone from strength to strength in its quest to globalise.

SPOTLIGHT

Engaging the next generation

NEXT-generation programmes for children of wealthy clients may not generate revenues directly for wealth managers. But they are an integral part of a private bank's offerings.

AT THE HELM

Taking charge of the family's wealth

MOST scions of ultra high net worth families are set for an executive role at the helm of a family business or even at large listed corporations with substantial family-held interests.

BUSINESS FAMILY INSIGHTS

Building a social enterprise from scratch

IMPACT investments are increasingly capturing the imagination and passion of younger investors, but one family has done more than just dip their toes into the asset class. Lam Shumei, daughter of the late successful entrepreneur and businessman Larry Lam, built a chicken farm in Rwanda from...

Asset Manager

The lure of private credit in Asia-Pacific

PRIVATE debt is rapidly emerging as an asset class in its own right, driven partly by investors' search for attractive yield and an asset class not correlated with traditional stocks and bonds.

Roundtable

What lies ahead in H2

US/China trade tensions dampen projections of global growth. But the expected interest rate cuts by central banks have lifted market sentiment.