Markets Archives - Page 156 of 192

UK fund of funds manager sets up in Hong Kong

Architas started to offer its funds in the SAR and Singapore in 2018.

The asset management arm of the Hong Kong-based insurance firm is expected to launch eight products.

Funds network Calastone processed its highest ever level of monthly net redemptions from Hong Kong funds in March.

Several other fund managers are also expected to roll-out products in the Lion City.

Only one foreign firm onshore, a UK-based manager, has exceeded the RMB 2bn ($280m) AUM mark.

The issuance of the capital market services licence by the Monetary Authority for Singapore (MAS) is a further step in the mainland firm’s expansion.

The move signals Fosun Group’s foray into retail funds in Hong Kong.

Additionally, an A-shares fund is awaiting approval in Singapore.

This week FSA presents a quick comparison of two Greater China equity products: the NB China Equity Fund and the Value Partners Classic Fund.

The sales-side appointment coincides with the debut of a multi-asset fund targeting mainland investors through the MRF.