Capital protection: Asian clients’ eternal theme I One region, many markets: where Asia's wealthy put their money
IF YOU HAVE been taking a daring, ahead-of-the-curve punt by putting money into Vietnam, perhaps through one of the many new country-specific funds that have sprung up in the past few months, here’s an irksome thought. Private banks in Asia had their clients in there a year ago and in some cases are now starting to pull them back out again. "Vietnam was a very big theme for clients in this region last year," says Tuck Meng Yee, head of product development for Asia-Pacific private banking at ABN Amro. That’s the skill of the adviser to the wealthy: being ahead of the herd.
Half the fun of private wealth management is the quirky product around the edges of the mainstream investments. You can take it as read...
