The mainland firm’s iron ore futures ETF has been approved for sale to retail investors in Hong Kong.
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The mainland firm’s iron ore futures ETF has been approved for sale to retail investors in Hong Kong.
The US firm has been approved for its second QDLP product, which allows it to gather domestic money to invest offshore.
A former relationship manager at the firm overcharged clients without informing them of the increased mark-up.
An internal promotion fills the role formerly led by an interim head.
Foreign asset management firms have been applying for licences to invest onshore in China.
Very high market volatility and falling interest rates are creating an attractive environment for fixed maturity products.
Officially renamed as Ninety One, it has picked an unfortunate time to be listed as global markets undergo extreme volatility.
Last year was the second consecutive year of losses for the NYSE-listed Chinese wealth manager, which also reported a plunge in net revenue due to “industry-wide headwinds”.
The Hong Kong-based asset manager said it had a triple-digit profit increase last year.
An internal promotion follows the firm’s recent restructuring of its wealth business.
Part of the Mark Allen Group.