Much has been made of the fabled “green shoots” supposedly appearing in developing market economies over the past several weeks. Commentators are nervously watching whether recent equity market rallies are sustainable or whether they too are likely to be eroded by continuing bad news

Asset management firms in Asia that had previously had a domestic focus are using sub-advisers to give them expertise to access the overseas markets which their clients demand. Elisa Trovato reports

In Hong Kong, most banks, including private banks, do not manage clients’ assets on a discretionary basis, but like a supermarket, make sure to keep their shelves stocked with a wide range of products to meet clients’ needs, explains Nicholas Leung, senior vice president, investment products and advisory department at Bank of East (BOE) Asia.