Phoenix Wealth Management Unveils Global Multi-Asset Capability, Integrates Experience and Assets in Shanghai.


LAS VEGAS – 10-27-2018 ( — Global investors’ increasing demand for multi-asset investment strategies is driving Phoenix Wealth Management to form a specialist portfolio management team in Shanghai, the company announced today. The team, which currently oversees 1.2 billion assets for institutional and intermediary clients, will be launching multi-asset products as well as integrated solutions for clients around the world.

The Australia-based asset manager previously had only presence in Canberra, and through this move will strategically consolidate its resources in order to maximize the firm’s global multi-asset capabilities.Phoenix Wealth Management aims to provide institutional-quality multi-asset products, solutions and customized advisory services to global clients, who are increasingly allocating their assets to investment opportunities around the world, while also protecting against downside risk.“Multi-Asset is gaining a lot of attention from investors, and we are taking this action to serve growing demand across the globe,” said Mr. Ken Gao, Asia Regional Executive Officer at Phoenix Wealth Management. “Clients are demanding multi-asset funds as well as tailored solutions to maneuver through volatile markets to reach their investment targets. To meet these needs, we’ve brought together a highly specialized team in the same location to reach critical mass. We recognize Shanghai as our Centre of excellence for Asia, and as a central hub we will be strengthening our investment capabilities further in this region, and elsewhere as the opportunities arise.”Mr. Joel Harlin, who was appointed as Global Head of Multi-Asset Investment in March, will lead the team. The team has an average of 20 years of experience in the financial industry. Joel himself has over 20 years of experience in trading and portfolio management, where he played a leading role in asset allocation decisions for the region and had management oversight of a team across Shanghai and Canberra.Global investors recently have increased their searches for multi-asset products, growing by 63% in 2018, according to a Mercer LLC’s survey. Meanwhile, State Street Corporation said in a separate report that there was a limited supply of managers who could provide multi-asset solutions.

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