Investors in Hong Kong are putting capital into money market funds, although total AUM of the products remains relatively low, according to Fitch Ratings.

Investors in Hong Kong are putting capital into money market funds, although total AUM of the products remains relatively low, according to Fitch Ratings.
After its retail fund push in Singapore, the firm has registered two products for retail sale in Hong Kong.
A Beijing-based firm has joined other Chinese wealth managers which have expanded offshore.
Goldman Sachs claims that around $4bn was moved from Hong Kong to Singapore.
The Doha-based bank plans to offer wealth management services as it expands its China business.
The power of bank distributors inflates mutual fund costs in Hong Kong and elsewhere in Asia, but regulators are getting tougher on transparency, according to a Morningstar report.
Separately, leveraged and inverse (L&I) products and a number of China-focused thematic ETFs have grown popular in Hong Kong.
As social unrest continues, Hong Kong’s high net worth investors are warming to Portugal’s residence scheme aimed at attracting overseas money.
However, in the SAR, sustainable investing is still all about returns.
Downward pressure on markets in Germany and Hong Kong left little hope that the index-tracking products would gather more assets.
Part of the Mark Allen Group.