The IPO of the Lion-OCBC Securities Hang Seng TECH ETF began yesterday, after receiving Monetary Authority of Singapore (MAS) authorisation earlier this month.

The IPO of the Lion-OCBC Securities Hang Seng TECH ETF began yesterday, after receiving Monetary Authority of Singapore (MAS) authorisation earlier this month.
The only Italian foreign PFM licence holder now manages six onshore funds in China.
Indosuez makes two HK hires; Natixis IM names new Taiwan GM; Vontobel AM expands intermediary team; GAM hires from BOC; and more…
Products mis-selling, breaches of business conduct rules and serious impropriety most investigated.
Digitalisation, premiumisation, experience, urbanisation and wellness are driving the Asia consumption story.
Import substitution and market consolidation is transforming China’s healthcare sector, according to JP Morgan Asset Management.
The sector is expected to deliver earnings growth of 25-30% in the next 12-18 months.
The inflows were driven mostly from institutions in Asia, as well as the US, according to the firm.
In total, around 30 foreign managers have launched at least 90 PFM funds in the mainland.
The firm has also launched the platform in other markets in Asia, including Hong Kong and the Philippines.
Part of the Mark Allen Group.