Managed out of Hong Kong but only available in the US, the fund is introduced against the backdrop of a highly volatile market.
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Managed out of Hong Kong but only available in the US, the fund is introduced against the backdrop of a highly volatile market.
But the demand for such products is expected to slow with market expectations of a rate cut from the Federal Reserve, according to a Cerulli report.
Hong Kong-based Magnum Research obtained a Type 9 licence in Hong Kong and is mulling plans to launch its own strategies.
The Malaysia fund manager is offering a product to domestic investors that focuses on China and HK companies likely to benefit from the development of China’s Greater Bay Area.
Hong Kong customers of the bank investing at least HK$1m can set up a multi-currency savings and wealth management account using an app.
The firm hopes to offer services across Southeast Asia from its regional base in the country.
Similar to rival firms, the Hong Kong-based asset manager intends to introduce an Asia bond fixed maturity product (FMP).
They include a mixture of active and passive products covering a wide range of global equity markets.
A commodity product and an Asia equity fund will target the retail investor base.
The alternatives specialist and the Switzerland-based asset manager have gained approval to sell products in China.
Part of the Mark Allen Group.