Banks are now looking more at the qualitative aspects of fund products and not just performance, according to industry sources.

Banks are now looking more at the qualitative aspects of fund products and not just performance, according to industry sources.
King Au, CEO at Value Partners Group, said ETFs listed in Hong Kong are unattractive to investors because they do not have the advantages of liquidity and low cost.
Midea Group, Agricultural Bank of China and Kweichow Moutai are three companies held predominantly in well-performing China equity funds, while Tencent Holdings is held by many poor performers.
The Asset Management Association of China (AMAC) sharply criticised an online fund marketing campaign launched by an Alibaba wealth management arm and involving 16 fund managers.
Both Hong Kong and Singapore have no fund investment tax but carry some of the highest fund fees globally, according to the Global Fund Investor Experience (GFIE) study by Morningstar.
China ETFs have joined actively-managed funds as the top performers over the past three years.
Malaysia’s fund industry has grown assets 8.86% this year to RM 758bn ($179bn), according to Zainal Izlan Zainal Abidin, Securities Commission Malaysia’s managing director for development and Islamic markets.
Assets in China’s private fund industry have grown 21% this year and reached RMB 10.21 ($1.51trn) as of the end of August, according to data from the Asset Management Association of China (AMAC).
ETF adoption is slower than expected in Hong Kong, but the region is ripe fozsr more fixed income ETFs, according BMO GAM.
Hong Kong’s Value Partners has formed a strategic partnership to distribute funds with media company Forbes, which is branching into financial services.
Part of the Mark Allen Group.