The product is the first UBS fund approved under the northbound Mutual Recognition of Funds (MRF) scheme.

The product is the first UBS fund approved under the northbound Mutual Recognition of Funds (MRF) scheme.
China Asset Management (Hong Kong) will manage the seven Hong Kong-listed ETFs given up by Canada’s BMO Global Asset Management.
Despite regulatory and geopolitical headwinds, investors should focus on fundamentals and target industry leaders in key sectors set to seize on the volatility, says Aberdeen Standard Investments.
Corporate debt is fairly low and companies, on the whole, are managed sensibly and conservatively, according to analysts.
The region has diverse regulatory regimes, and there are clear leaders and laggards, Sustainalytics finds.
The Swiss-based asset manager has also hired a business development head for Southeast Asia.
Goldman Sachs Asset Management (GSAM) has gained preliminary approval to form a wealth management joint venture with Industrial and Commercial Bank of China (ICBC).
The retail sector offers product innovation and partnership opportunities.
The asset manager sees several headwinds facing Asian equity markets.
Hong Kong’s financial regulator has proposed restrictions on cryptocurrency exchanges in the territory.
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