Fund news Archives - Page 21 of 64

Authorities to launch GBA wealth connect

The implementation details of wealth management connect (WMC), including the scope of eligible investment products, will be announced later.

Neuberger Berman will act as an advisor for a PFM product.

Alternative investments have become one of the most sought-after strategies by HNWIs in Hong Kong and Singapore.

Low interest rates and market volatility have encouraged asset managers to launch income funds in the region.

Investment grade bonds can be utilised as a defensive asset and they have a better yield than money market funds, according to the firm.

As of the end of March, Singapore accounted for only $6m of the nearly $8bn AUM of the sustainable universe in Asia ex-Japan.

The firm believes mobile game growth will accelerate, driven by Asia.

The product has already received an initial investment of $5m.

The platform will make use of mutual funds managed by local firm PNB.

Both firms have also rolled out ESG scores and rating tools for funds and indices.