Well ... let me be the judge of that. FFS.
As asset managers race to scale up in Asia, Amundi and Schroders look best-positioned to access one of the industry's largest and fastest-growing opportunities, according to a new report from Bloomberg Intelligence (BI).
Fair enough.
Amundi's new wealth-management joint venture with the Bank of China (BoC) is set to bolster its already strong presence across Asia, supported by tie-ups with China's ABC, India's SBI and Korea's NH, giving it a first-mover advantage among peers, states BI. Asian assets under management (18% of its total) are set to soar 60% to 500 billion euros by 2025, in-line with guidance, having multiplied seven-fold since 2010.
Yeah, yeah. It's a PR email from Bloomberg, and I have to say I'm impressed - so far. 'This is great, boss! It's much better than all that "no people connected to no organizations" or whatever.' Yes, I suppose.
Anyway, we have a voice. 'Yippee!'
"We believe Amundi's BoC JV target - to manage 60 billion euros and generate 50 million euros of net income by 2025 - is ambitious, yet feasible," says BI Senior Government Analyst Sarah Jane Mahmud.
Schroders is also well-positioned to capitalize on China's growth opportunities, in BI's view, with new regulatory licenses enabling the scaling up and strengthening of its 16-year partnership with the Bank of Communications, the country's No. 5 lender.
"With this, it gains access to the 2.9 trillion-pound domestic-bank wealth management market, with business expected to start in 4Q. Moreover, it should also see the doors open to the 2.6 trillion-pound retail, private wealth and third-pillar pension market, with the first product launches due by mid-2022," adds Mahmud.
Among other asset managers, DWS may need to ramp up its presence in the Asia Pacific region to avoid becoming a runner-up among peers, states BI. The company continues to monitor growth opportunities, yet its APAC presence remains small with directly-managed assets representing just 5.6% of its total, a low level vs. peers Schroders (19%), Amundi (18%) and Janus Henderson (14%).
"DWS may therefore need to build on existing partnerships with China's Harvest (DWS has a 30% stake) and Nippon Life (which owns a 5% holding in DWS) to capture market share," notes Mahmud.
Thank you, Sarah Jane voice!
ENDS
'Who was that other voice?'
There was no other voice, Voice.
'Yes there was! When the Sarah Jane voice wasn't speaking.'
That was just the PR email.
'But who was that?!'
The person who wrote the email. It doesn't matter, does it? Christ. It was "B" - if it means so much to you. 'B?! Who the hell is B?!' It must stand for Bloomberg. 'Did he send you the email then?! Our Mickey, like?' I don't know!
ENDS
ENDS
ENDS
...
Anything else? Yeah. It was Borja at the PR firm. I've just checked. Are you happy now, Voice? 'Me? I don't care.' Whatever.
Idiot.
What else? Music? What?! Mighty Soul ... ... ... ? Give me a break, kook(s)! Maybe tonight. I don't know. / But I do know, if I want it to be ... The Greatest Song Ever ... the lyric will probably have to add a lot of value, you dig? Do you know what I mean by that?
Most lyrics - especially these days - are just mood words which help the song be what it is, but it's the music that is important. [Like with Coldplay's Yellow.] Unless we're talking about Dylan where the lyric is the most important thing.
However, some lyrics add value to a great tune. Two examples of this are ... Imagine and Eleanor Rigby.
Most of my lyrics add some sort of value to my tunes. The best example is Nothing, which is almost a Dylan situation with the lyric dominating.
Well, it's something to think about, ain't it?
Laters!
