The US asset manager will close its Hong Kong ETF business and move its regional HQ to Shanghai.
Category: Hong Kong
Hong Kong’s PB, WM assets up 19% in 2019
Assets sourced from family offices and trusts grew nearly 90% during the year.
Hong Kong fund sales slump
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.
MRF northbound funds attract $100m in H1
Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.
CSOP AM preps its first ETF in Singapore
The firm will also make use of the new variable capital company (VCC) framework for the fund.
CCB Principal AM gains Hong Kong licences
Separately, UBS SDIC AM’s licences in the territory were removed.
AB to roll out A-share fund in Hong Kong
The firm is also expected to roll out an income fund in the SAR.
E Fund to terminate L&I products in Hong Kong
Competitor CSOP AM manages the same kind of products, which have become the largest L&I funds in the SAR.
Allianz GI set to launch four funds in Hong Kong
The mixed-asset funds will be offered to Hong Kong retail investors to meet their different risk tolerances, according to Allianz Global Investors (GI).
Northbound MRF funds see outflows in May
On the flipside, investors have continued to pour money into southbound funds.
