Nancy Qu, Author at Fund Selector Asia

BNPP AM to roll out multi-asset ESG funds in Singapore

Several other asset managers are also expected to launch more sustainable products in the Lion City.

The inflows were driven mostly from institutions in Asia, as well as the US, according to the firm.

Investors are recommended to diversify technology stocks with value names when the pandemic situation improves.

In total, around 30 foreign managers have launched at least 90 PFM funds in the mainland.

Separately, China Life Franklin Asset Management is expected to roll out its Short Term Bond Fund in Hong Kong.

The regulators just issued $3.36bn of fresh quotas last month, after QDII quota allocations were suspended in April 2019.

The firm now manages five onshore products in the mainland.

It is also the only foreign asset manager that set up a WFOE in Tianjin, a city near Beijing.

On top of its QDLP business, Neuberger Berman offers PFM funds to qualified investors and is expected to tap the country’s retail fund market.

Lion Global is also expected to launch an ETF tracking the Hang Seng Tech Index.