Markets Archives - Page 147 of 192

Raffles FO expands Greater China team

The firm has hired another key executive to oversee the region following the appointment of Stella Kong, managing director for Greater China.

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 asset management arm of CMBC in Hong Kong has an investment team focusing on Greater China equities and Chinese offshore bonds.

This week FSA presents a quick comparison of two China equity products: the ChinaAMC China Opportunities Fund and the First State China Focus Fund.

Funds launched during the first quarter had massive outflows in the second quarter.

The fund also aims to provide an income of 3-5% per annum.

Overall, ETF AUM across Asia (ex-Japan) fell by 0.8% during the first five months.

Bidzina Ivanishvili is the biggest victim of a wealth manager who defrauded clients for nearly a decade.