The asset managers filed applications on the first day that China officially lifted the investment limitations for foreign fund management firms.
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The asset managers filed applications on the first day that China officially lifted the investment limitations for foreign fund management firms.
UBS Asset Management continues to introduce onshore funds against the background of strong market volatility and imminent global recession.
After the unusual outflow in January, Hong Kong-domiciled products sold in the mainland (northbound funds) through the MRF saw net inflows in February.
The move signals Fosun Group’s foray into retail funds in Hong Kong.
The firm also hired from Pictet Asset Management to fill the country head of Japan role.
Additionally, an A-shares fund is awaiting approval in Singapore.
After the establishment of a joint venture in December, the two firms plan to provide an advisory service targeting China’s retail market.
The Hong Kong-based asset manager has added one more product for sale in China via the private fund management (PFM) channel.
A tough Q4 has impacted the NYSE-listed Chinese wealth management firm.
The sales-side appointment coincides with the debut of a multi-asset fund targeting mainland investors through the MRF.
Part of the Mark Allen Group.