ENVIRONMENTAL, social and governance (ESG) assets under management (AUM) in the Asia-Pacific hit US$93 billion as at end-September, with over 500 sustainability funds domiciled in the region and about 120 new funds launched this year.
PHILLIP Capital Management has listed on the Singapore Exchange (SGX) the country's first locally domiciled leveraged and inverse products, the bourse said in a news release on Wednesday (Dec 1).
DBS Group Research has maintained "buy" on UOB and OCBC at target prices of S$31 and S$14 respectively, as it expects Singapore banks to benefit from the rate-hike cycle.
DEUTSCHE Bank Wealth Management announced the appointments of Felicia Tan as director, team leader, Edmund Tee as vice-president, and Dita Darmawan as director, in the South-east Asia team.
HSBC is zeroing in on Asean markets to beef up its asset management business in the region, specifically as it expands its focus on alternative assets and ESG (environmental, social and governance) funds.
UOB Kay Hian (UOBKH) has upgraded its call on Malayan Banking (Maybank) to "buy" from "hold" with a higher target price of RM9.20 from RM8.70, a day after the largest banking group in Malaysia posted a higher-than-expected net profit for its third quarter ended Sep 30, 2021.
MORE than half the claims filed with the Financial Industry Disputes Resolution Centre (FIDReC) for the financial year ended June 30, 2021 were against banks and finance companies.
