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Amundi expands fixed income offering in HK

The firm now offers at least nine SFC-authorised fixed income products in the SAR.

Amundi has received regulatory approval from the Securities and Futures Commission (SFC) to launch three Luxembourg-domiciled fixed income products to retail investors in Hong Kong, according to the regulator’s records.

They are the Emerging Markets Bond Fund, the Pioneer US Bond Fund and the Global High Yield Bond Fund, according to the regulator’s website.

FSA sought for more information from Amundi, but the firm declined to provide additional details, including whether the products have been made available through the private banking channel in Hong Kong.

The Emerging Markets Bond Fund and the Pioneer US Bond Fund are already available to accredited investors in Singapore, while the Global High Yield Bond Fund is only for sale in Europe, according to FE Fundinfo.

With the new SFC approvals, Amundi now offers nine fixed income funds in Hong Kong. In total, the firm has at least 35 SFC-approved mutual funds, which include bond, equity and mixed-asset products, SFC records show.

The firm has also been active in offering new products in Singapore. Last month, for example, Amundi filed an application with the Monetary Authority of Singapore to offer the emerging markets bond offering to retail investors in the Lion City. According to the regulator’s records, the fund has been recognised by the MAS.

Amundi is also expected to roll out the Amundi-OCBC Momentum Fund in the Lion City, which is its first co-branded tie-up with OCBC.

Separately, the firm recently reported that its AUM in Asia has increased 44% to €292bn ($345bn) in the 12-month period ending June, driven by inflows in its joint venture firm in India. It was the highest AUM increase recorded during the period among all regions that the firm operates in.

Part of the Mark Allen Group.