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ASI to launch seven funds in Hong Kong

The firm plans to bring in equity and bond Ucits products.

Aberdeen Standard Investments received a greenlight from the Securities and Futures Commission last month to launch seven Ucits funds in Hong Kong, according to the regulator’s records.

They are the Euro Corporate Bond Fund, European Equity Core Fund, European Equity Unconstrained Fund, European Smaller Companies Fund, Global Equity Core Fund, Global Inflation-Linked Bond Fund and the Global Property Share Fund.

An ASI spokeswoman said the products are not yet offered to professional investors via private banks.

The fund approvals come on the heels of ASI’s ramp up of onshore China activities.

In November, it made several appointments in Shanghai and Hong Kong to strengthen its fixed income and equities capabilities. The firm also launched its first onshore fund in China in May.

Separately, the firm in 2017 acquired Value Partners Concord Asset Management in Taiwan. The acquisition has allowed the firm to distribute onshore fund products to domestic investors.

ASI was formed in 2017 by the merger of Aberdeen Asset Management and Standard Life Investments.

Part of the Mark Allen Group.