FOCUS-US asset managers ready for turn in China sentiment with products stacked up devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Three straight years of losses from Chinese markets and anti-Beijing rhetoric from Washington have not deterred some U.S. asset managers from introducing products they hope will thrive if Chinese stocks rebound. China's markets have been hit by a long-lasting property crisis, slowing growth and geopolitical tension. The Institute of International Finance estimates $80 billion of outflows from Chinese portfolios last year, and the bellwether blue-chip CSI 300 Index has fallen 43% from its record high of three years ago.
Former WisdomTree executive Michael Barrer has joined Matthews Asia as vice president, head of ETF capital markets. In this new role, Barrer serves as the primary relationship manager for all capital markets relationships and partners with the firm’s portfolio management, portfolio strategy, operations and distribution teams to support the firm’s ETF initiatives.