Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.

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.
The firm is also expected to roll out an income fund in the SAR.
Competitor CSOP AM manages the same kind of products, which have become the largest L&I funds in the SAR.
The mixed-asset funds will be offered to Hong Kong retail investors to meet their different risk tolerances, according to Allianz Global Investors (GI).
On the flipside, investors have continued to pour money into southbound funds.
Low valuations, strong free cash flow and selective sectors can support a continued rally in Asia-Pacific markets, despite short-term uncertainty and further volatility, according to T Rowe Price strategists.
Invesco plans to launch the first of six fixed maturity products (FMPs) that will focus on Asian investment grade bonds.
But overall assets in Hong Kong’s mutual fund industry were down 13%, according to SFC’s annual report.
Part of the Mark Allen Group.