Fund news Archives - Page 26 of 61

CSOP to launch Hong Kong’s first (-2x) inverse product

The move comes after the Securities and Futures Commission (SFC) relaxed rules on inverse products.

The firm joins the likes of Fidelity and Value Partners, which have so far launched the most number of onshore private funds in the mainland.

The new wealth management subsidiaries may provide business opportunities for foreign players that have a private fund management licence in China.

The two firms join forces to offer Money Plus, an app that can transfer cash to a WeInvest money market fund.

The platform, which has been launched in Hong Kong and Singapore this month, will provide flat advisory fees to investors.

The product category was the top-selling sector during the first quarter in Asia-Pacific, according to a Broadridge Financial report.

Manulife Asset Management and Trust has launched eight mutual fund products since setting up locally in 2017.

Firms interested in joining the scheme will need to apply for an investment quota from China’s State Administration of Foreign Exchange (SAFE).

DE Shaw joins Winton Capital and Man Group, which have launched onshore quantitative strategies.

The fund will focus on undervalued stocks of companies that are believed to be transforming their sectors.