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Nikko AM to form specialist portfolio management team in Singapore

Tokyo-based Nikko Asset Management group currently oversees about S$30 billion worth of assets for institutional clients as well as wealthy, and mass retail investors.

SINGAPORE: Global investors are increasingly looking for multi-asset products which allows investment strategies that combine more than one asset class, such as stocks and bonds. According to a Mercer LLC's survey in April, global investors have increased their search for multi-asset investment products, growing by 33 per cent in 2013.

To cater to the growing need, Tokyo-based Nikko Asset Management group unveiled plans on Tuesday (Aug 19) to form a specialist portfolio management team in Singapore. It currently oversees about S$30 billion worth of assets for institutional clients as well as wealthy, and mass retail investors.

The firm previously had multi-asset staff in separate locations. Nikko Asset Management says the flexibility of investing across various asset classes enables it to create diversified portfolios. It also says that such products will cater to the changing demands of ageing populations worldwide.

Ms Eleanor Seet, President of Nikko Asset Management Asia, said: "From the local client needs perspective, there's a lot of discussion around retirement needs, and we do see that's been an area of much latent demand in provision of holistic solution sets for long term retirement. Clients will need differing portfolios as their age differs, as opportunity set differs, as demand and lifestyle needs change from time to time." 

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