Fund news Archives - Page 21 of 63

MAS encourages managers to launch ESG funds

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.

The Hong Kong-based firm aims to participate in the MRF programme in addition to planning PFM funds this year.

The Dublin Ucits is the first by the Hong Kong asset management joint-venture between Tencent and Hillhouse Capital Group.

Expectations that Nasdaq market volatility will escalate should increase Hong Kong investor interest in L&I products, the firm believes.

Foundation AM’s China high yield strategy aims to provide an annual income target of 8.5%.

The firms believe that there is demand for ETF-based portfolios in the Lion City.