now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asset Management
Which are the top investment houses in Asia?
Top investment houses continue to make their mark in Asia in Asset Benchmark Research’s (ABR) rankings for Asian local currency bonds, with several new entrants alongside the more familiar names.
Monica Uttam 20 Jul 2017

Top investment houses continue to make their mark in Asia in Asset Benchmark Research’s (ABR) rankings for Asian local currency bonds, with several new entrants alongside the more familiar names.

In Hong Kong, China Life Franklin Asset Management and Allianz Global Investors are new entrants to the top five. The former is a joint venture between China Life Asset Management, Franklin Templeton Investments and China Life Insurance (Overseas) and ranks top among all Chinese asset managers set up in Hong Kong in terms of assets under management. Allianz Global Investors is the asset management arm of German financial group Allianz SE and held roughly US$32 billion in assets under management across Asia Pacific as of the end of last year.

ICICI Prudential Asset Management and ICICI Prudential Life Insurance have maintained their lead in India since the start of the rankings in 2014. This year, IDFC Asset Management and SBI Life Insurance feature for the first time. IDFC Asset Management is one of the largest mutual fund houses in India in terms of assets under management. SBI Life Insurance is a joint venture between India’s largest bank, State Bank of India, and the global insurance company BNP Paribas Cardif.

In the Asean markets, familiar asset managers and banks resurfaced in 2017. Bank of the Philippine Islands, Eastspring Investments and Kasikorn Asset Management lead in the Philippines, Singapore and Thailand respectively, as they have done since the ranking’s inception.

Manulife Aset Manajemen Indonesia is top in the country for the third consecutive year. Aside from placing in Hong Kong and Indonesia, the asset management arm of Manulife also ranks for the first time in Malaysia. As of the end of March, 19% of Manulife Asset Management’s assets under management were held in Asia, totalling roughly US$68 billion.

Nanshan Life Insurance, Bank of Taiwan and BankTaiwan Life Insurance, and Jih Sun International Bank are all new houses that have placed in the Taiwan ranking this year.

The Asian Local Currency Bond Benchmark Review covers 11 markets including China (onshore and offshore), Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand. It has been conducted annually since 2000. It provides a wealth of data on the product needs of investors and the market penetration of the banks that are active in local currency bonds. It also provides detailed analysis of investors’ buying behaviour when selecting their counterparties, giving unprecedented access into the minds of investors.

The nominated Astute Investors will also be weighted and ranked individually to comprise Asset Benchmark Research’s annual most Astute Investors in Asian local currency bonds ranking. This ranking will be published next week.

To view the rankings of the top five investment houses in Asian local currency bonds by country, please click here.

To find out more about Asset Benchmark Research and our Asian Local Currency Bond Benchmark Review, please click here.

Conversation
Yu-En Ong
Yu-En Ong
head of Southeast Asia
Norton Rose Fulbright
- JOINED THE EVENT -
In-person roundtable
Beyond Covid: Emerging trends in a changing lending landscape
View Highlights
Conversation
Jeremy Huang
Jeremy Huang
portfolio manager, credit analyst
PineBridge Investments
- JOINED THE EVENT -
18th Asia Bond Markets Summit - Asean Edition
Investing in the new normal
View Highlights