Nancy Qu, Author at Fund Selector Asia

Nikko AM preps China bond ETF in Singapore

Singapore is now expecting two onshore China bond ETFs to be listed on the local bourse.

The bank expects that the changes will help grow its affluent and retail businesses.

Winton Capital will act as an advisor for a PFM fund. Separately, Mirae Asset is also expected to launch its third PFM product.

The firm becomes the fourth manager in Hong Kong that will be offering an ETF investing in technology stocks listed in the SAR.

It will be the first time that the firm has partnered with an insurer in the SAR.

The firm plans to launch four products in the Lion City, which include three equity funds and a fixed income offering.

Around 30 foreign managers have been granted the PFM qualification.

On the flipside, southbound funds have attracted net inflows since March this year.

The US-based bank is the second foreign firm to obtain a domestic fund custody license.

At least four other firms have applied to launch income-generating, mixed-asset products in the Lion City.