The asset manager has SFC approval to introduce an emerging market bond fund.

The asset manager has SFC approval to introduce an emerging market bond fund.
Using the private fund management channel, the firm has received approval to launch its sixth onshore fund for distribution to China’s domestic investors.
Affin Hwang Asset Management has introduced an income product for Malaysian investors, aiming for 5% annual distribution.
It will be the third fixed maturity product (FMP) sold by the investment firm to Hong Kong retail investors this year.
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.
Part of the Mark Allen Group.