Branch2 Intelligence
Global Market: Standard Chartered partners with BlackRock to launch APAC multi-asset fund for wealth clients
Key takeaway
Standard Chartered partners with BlackRock to launch an APAC multi-asset fund for wealth clients.
- Step 11st-order: Standard Chartered partners with BlackRock to launch an APAC multi-asset fund, enhancing wealth product suite.
- Step 22nd-order: Standard Chartered attracts more wealth clients, increasing fee income and assets under management.
- Step 33rd-order: BlackRock gains distribution in APAC, boosting AUM and management fees; local competitors like HDFC Asset Management face market share pressure.
- Step 44th-order: UK-based Standard Chartered's improved wealth performance may lead to higher profitability, benefiting UK shareholders and potentially increasing dividends.
Source: IN:Economic Times
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