It will be the first time that the firm has partnered with an insurer in the SAR.
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It will be the first time that the firm has partnered with an insurer in the SAR.
So far, it is the only SFC-authorised fund that the firm is managing in the SAR.
Firms will have to be competitive in terms of how they price their products, according to a Hang Seng IM’s CEO.
Retail investors in the SAR expect double-digit returns as many shift to riskier assets despite Covid-19, according to a global survey.
The US asset manager will close its Hong Kong ETF business and move its regional HQ to Shanghai.
Assets sourced from family offices and trusts grew nearly 90% during the year.
Net outflows from retail fund sales in Hong Kong in the first half of the year were greater than during the global financial crisis, according to HKIFA data.
Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.
The firm will also make use of the new variable capital company (VCC) framework for the fund.
Separately, UBS SDIC AM’s licences in the territory were removed.
Part of the Mark Allen Group.