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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCIO: Hold tactical allocation in Chinese stocks until housing market stabilizesStefan Hofer from LGT Bank Asia says resolving the supply glut in the Chinese housing market is a key signal for investors to be structurally long Chinese stocks.
Persons: Stefan Hofer Organizations: LGT Bank Locations: LGT, LGT Bank Asia
More consumer-centric companies are looking to capitalize on India's booming stock market and strong economic growth, by going public. "After a decade, India's growth story is now likely to be driven by private consumption. With a better macro outlook, the risk appetite for investors for business to consumer companies have gone higher," said Atul Singh, CEO and managing director of wealth management firm LGT Wealth India. It may have started with large corporations like Reliance and Adani , but the positive macro story is driving more business to consumer companies to list," Singh told CNBC in an interview. India had 238 listings in 2023, reaching a nine-year high with 614 billion Indian rupees ($7.35 billion), according to FactSet data.
Persons: Ola, Atul Singh, Singh Organizations: National Stock Exchange, BMI, LGT Wealth, Reliance, CNBC, Transportation, Hyundai Motor India, Insurance, Hyundai, Ola Electric Locations: Mumbai, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese house prises could remain under pressure for some time: StrategistStefan Hofer, chief investment strategist at LGT Private Banking Asia, discusses China's economic growth and house prices, which he says could remain under pressure.
Persons: Stefan Hofer Organizations: Private Banking Asia
U.K. fiscal situation is far from ideal, wealth planner says
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.K. fiscal situation is far from ideal, wealth planner saysSimon Allister, head of wealth planning at LGT Wealth Management, says countries are actively trying to attract wealth individuals from the U.K., as some of the firm's clients consider relocation.
Persons: Simon Allister Organizations: LGT Wealth Management
After overtaking Hong Kong's stock market in December, India currently has the fourth largest in the world, and is now valued at over $4 trillion. India's market capitalization can easily grow to $40 trillion in the next 20 years, driven by stronger investor confidence and robust economic growth, analysts said. After overtaking Hong Kong in December, the country's market is now ranked the fourth largest in the world, valued at over $4.6 trillion. "India's GDP growth has led to companies increasing their earnings and that is resulting in the stock market performance," said Atul Singh, CEO and managing director of wealth management firm LGT Wealth India. The country's financial year starts on April 1 and ends on March 31.
Persons: Sujan Hajra, Anand Rathi, Manish Chokhani, Atul Singh Organizations: Hong, Enam Holdings, BSE, LGT Wealth, India's Ministry, Statistics Locations: India, Hong Kong
But in recent months, many have called for investors to return to bonds as prices are expected to recover soon. Falling yields may prompt investors to wonder which corners of the fixed income market still offer higher yields of up to 6%. He prefers developed market bonds — especially the U.S. — to emerging market bonds, of longer durations exceeding seven years. Emerging market debt can also offer high yield because of the very high real rates in many such economies, Olu-Pitan says, with Latin America debt offering "easily" above 7%. In investment-grade bonds, investors can get above 6% in U.S. financials, she added.
Persons: Brandon Huang, Huang, financials, Remi Olu, Fannie Mae, Freddie Mac, — CNBC's Michael Bloom Organizations: Treasury, LGT Private Banking Asia, CNBC Pro, Agency MBS, U.S ., MBS Locations: U.S, Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. authorities have very good experience in how to handle crises, says strategistMikio Kumada, executive director and global strategist at LGT Capital Partners, says they responded well to the Silicon Valley Bank crisis and that's because of what happened in 2007 and 2008.
Credit Suisse personal & business banking boss to leave
  + stars: | 2023-03-01 | by ( ) www.reuters.com   time to read: 1 min
ZURICH, March 1 (Reuters) - Credit Suisse (CSGN.S) on Wednesday said its Head of Personal & Business Banking, Anke Bridge Haux, is to leave the bank to take on a new role as CEO of the Swiss arm of LGT Bank. Credit Suisse's current chief operating officer of Personal & Business Banking, Michael Sager, will take over leadership of the business on an interim basis with immediate effect and become a member of the executive board of Credit Suisse (Switzerland) Ltd. Reporting by Noele Illien; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
LONDON, Feb 28 (Reuters) - British asset manager abrdn (ABDN.L) fell to a full-year pretax loss and reported a slide in client funds for 2022, as global markets turmoil and runaway inflation weighed on its finances. Abrdn reported a 615 million pound ($741 million) pretax loss for the year ended Dec. 31, compared to a 1.1 billion pound profit the prior year. Abrdn's assets under management fell 8% to 500 billion pounds from 542 billion pounds, while the company reported a further year of net outflows of client funds. The company also said it had agreed to sell its discretionary fund management arm abrdn Capital to Liechtenstein-based private bank LGT for 140 million pounds. The sale involves the transfer of around 6.1 billion pounds of assets and about 140 employees, the company said.
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