An increase in wealth management fees was offset by lower net interest margins and higher allowances for pandemic risks.

An increase in wealth management fees was offset by lower net interest margins and higher allowances for pandemic risks.
The products target companies with ESG-related growth potential at an early stage, according to a statement by the firm.
The fund is one of two products managed by the US firm recently authorised by the Securities and Futures Commission (SFC) for sale to retail investors.
The Chinese, Hong Kong and Macau financial regulators have agreed supervisory, enforcement and liaison arrangements for the Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
FSA compares two Asia (ex-Japan) fixed income products: the Blackrock Asia Tiger Bond Fund and the Pimco Asia Strategic Interest Bond Fund.
The end-game for the pandemic this year will boost non-US cyclical equities, according to the bank’s investment strategist.
The Hong Kong-domiciled product is authorised for sale to retail investors a year after its launch.
The US asset manager will provide customised portfolios for the mass retail market.
Sustainable fund assets in Asia ex-Japan surged 131% in 2020 from a year earlier.
The final quarter of 2020 saw Hong Kong and Singapore investors pour cash into equity funds, according to Morningstar Direct.
Part of the Mark Allen Group.