Money flowing into equity funds dropped more than a half in the third quarter compared with the previous three months, Morningstar Direct data shows
Category: Hong Kong
Asian rich looking to relocate families
The covid-19 crisis has prompted 40% of Singapore wealthy investors to consider moving their families, according to a study by Lombard Odier.
Sustainability gains importance in Hong Kong
Environmental impact has overtaken investment return as the most important factor for Hong Kong investors, according to Schroders.
Hong Kong banks approved for Wealth Management Connect
The banks can now start providing Wealth Management Connect (WMC) services.
Strong Hong Kong demand for structured products
Equity-linked vehicles gained traction among HK$5.7trn of all investment products sold in 2020, regulators found.
BEA Union Investment restructures funds
The asset manager has converted five unit trusts into open-ended fund companies (OFCs) to lure mainland investors.
China connectivity to fuel Hong Kong PWM growth
The AUM of the city’s private wealth management (PWM) industry is expected to grow six to 10% per annum over the next five years, say wealth managers.
Fund managers are cautious about GBA WMC
Large capital flows are not expected into the Greater Bay Area Wealth Management Connect (GBA WMC) scheme in the near future, according to Cerulli Associates.
Investors engage with CLP on climate change
The Hong Kong power company commits to net zero emissions by 2050 and phasing out coal power by 2040.
Southbound bond connect off to a steady start
The long-delayed launch of the southbound channel saw $619m of volume on the first day of trading.
