Japan-based Nikko Asset Management (Nikko AM) is planning to set up a new specialist portfolio management team in Singapore.
The new 18 member team will launch multi-asset products as well as integrated solutions for clients around the world.
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The team will be headed by Al Clark, who was hired as global head of multi-asset in March this year.
The move will expand the firm’s global multi-asset capabilities. The firm already has multi-asset staff in separate locations.
Nikko AM offers institutional-quality multi-asset products, solutions and customized advisory services to global clients, who are increasingly allocating their assets to investment opportunities globally, in addition to protecting against downside risk.
Yu-Ming Wang, global head of investment at Nikko Asset Management, said: "Multi-Asset is gaining a lot of attention from investors, and we are taking this action to serve growing demand across the globe. Clients are demanding multi-asset funds as well as tailored solutions to maneuver through volatile markets to reach their investment targets.
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By GlobalData"To meet these needs, we’ve brought together a highly specialized team in the same location to reach critical mass. We recognize Singapore as our centre of excellence for Asia, and as a central hub we will be strengthening our investment capabilities further in this region, and elsewhere as the opportunities arise," he added.
