The asset manager’s chief strategist says valuations and corporate profits are fuelling his conviction
The Asian Debt Hard Currency fund will invest in government and related debt as well as corporate bonds.
Tilney Bestinvest has replaced the Newton Asian Income fund with the First State Asian Equity Plus fund and the First State Asia Pacific Leaders fund.
The expected August rate rise next year could be pushed out until late 2016 or early 2017, says UBS.
Aberdeen will also use the newly-founded office to boost its local equities research and raise assets in China.
The two countries are also looking at the feasibility of linking stockmarkets, to provide more liquidity for the Chinese markets.
Three executives at China’s largest brokerage are being investigated for suspected insider trading.
Schroder Tokyo manager Andrew Rose got the oustanding fund manager gong.
Index buoyed by a more optimistic outlook on China, Japanese tax cuts and an expected delay to US rate rises.
Investor fears on emerging markets continue to be affected by a potential US interest rate rise and the China fallout.
Henderson’s Michael Kerley is focused on the quality of growth not the quantity.
In July the IMF lowered its global growth forecast for 2015 to 3.3 per cent and forecast growth in China would slow to 6.8 per cent.
The product provides exposure to local currency debt of emerging markets as well as developing countries.
The Aberdeen Global Chinese Equity fund fared the best through the China market falls, FE Trustnet data shows.
The drops in European markets came as key manufacturing data from China confirmed the country’s slowdown.
This week has seen $10.5bn of outflows from the EM sector, according to a Bank of America Merrill Lynch Global Research report.
Experts agree that the current market turmoil is not a warning of a significant global downturn or recession.
Although overall sentiment is weak on China, Yeung believes there are still opportunities for investors.
The rate cut, which will be effective on Wednesday, is the fifth by the Chinese central bank since November last year.
The FTSE has further to go to recover the £74bn wiped off the market yesterday.
Chinese authories are trying to reassure investors and have allowed its main state pension fund to invest in the stockmarket.
Greece dominated concerns in previous months, but China recession is now the number one risk.
Currencies in Asia and Latin America were hit, as well as emerging market stocks.
The bank claims that the devaluation is a one-off move, but experts think otherwise.
The People’s Bank of China has cut the guiding rate for the yuan for the second day.
The European passport under AIFMD allows the marketing of an alternative fund product to professional investors through the EU, subject to state approval.
M&G took the ‘Top Dog’ spot again having the most assets on the Spot the Dog list.
Price will take over the full management of the portfolio on 1 September.
The firm is also developing plans for its first targeted Asian income fund to be managed by Jason Pidcock.
The funds industry has seen $75bn of outflows from emerging market funds since 2013, according to Aberdeen Asset Management.
Kleinwort Benson was told of the takeover bid via a regulator notification from the Financial Services and Markets Authority.
The Shanghai Composite Index has dropped 28 per cent below its peak.
The annual management charge of the investment trust will be reduced from 1 per cent a year to a tiered pricing structure.
Nikko Asset Management currently oversees £104bn of assets.
The first president of the bank will be Kundapur Vaman Kamath.
Investors in the Aviva Investors Asia Pacific Property fund could wait more than two years for their money.
The Old Mutual Asian Equity Income fund will focus on income as well as capital growth.
The Hang Seng index has fallen 1 per cent while the Shanghai Composite was down 1.29 per cent as of this morning.
Chinese consumers should be a more important engine for global growth in the future.
Benchmark Shanghai Composite Index has dropped 30 per cent since mid-June.