Philip Chua Business Blog

Posts Tagged ‘Wealth’

The euro is just over a decade old. In its short existence it has been embraced by every level of the international currency markets. Central banks, national treasuries, sovereign funds and multi-national corporations store their wealth and trust its central bank custodians to maintain value. Institutional and retails traders have…

AMID the general optimism over equities in Asia and the emerging markets, strategists at Barclays Wealth have sounded a note of caution over valuations in Asia. This runs counter to the consensus view that Asian growth is set to outstrip that of developed economies – a point that isn’t in dispute – and that market weakness is a buying opportunity.

Says Aaron Gurwitz, Barclays Wealth managing di… more

SOVEREIGN wealth funds (SWFs) – including the Government of Singapore Investment Corporation (GIC) – are feared more for what they are than for what they really do.

Such funds, which are owned by governments and funded by surpluses accumulated by the state, are often regarded with suspicion, especially in rich countries in Europe and America. There, such public money is typically used to build h… more

THE financial market rebound has put a spring in the step of Singaporeans. They are now showing a greater willingness to take risks with their money.
Investors who had sought refuge in cash and steady yield products like bonds are now looking for higher returns and ways to better grow their wealth, according to a new Citibank survey.
It found that 44 per cent of people who stopped investing in the… more

SINGAPORE) SINGAPORE’S rich are among the most optimistic of investors when it comes to property investments, and are planning to raise their exposure to the asset class in the next two years, a new study shows.

The study, by Barclays Wealth and the Economist Intelligence Unit, found that 53 per cent of high net worth inves… more

One of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington, whose actions have helped set the stage for this new era of wealth.

The FOMC minutes, although acknowledging that the US economy has begun to recover, could still state that economic activity was likely to remain weak for some time, partly due to ongoing job losses, lower wealth and tight credit. Thus the majority of the members will have still been convinced that…

AP – ANZ Bank said Friday it will buy Dutch-based ING Groep NV’s stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion).

Americans’ wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded.

(SINGAPORE) The financial crisis has triggered a big shake-up in the private banking industry in Asia, with some wealth managers having lost more than a quarter of their clients to rivals in the past year, according to a recent survey.
More significantly, wealth managers in the region expect demand for relationship managers (RMs) to fall as the industry adjusts to the damage wrought by the financi… more