China’s bank-backed fund management firms saw higher net profit growth in 2016 than those without bank affiliations, according to a study by Cerulli Associates.
Category: Fund news
HK and France agree mutual recognition of funds
Hong Kong’s Securities and Futures Commission (SFC) and France’s Autorité des Marchés Financiers (AMF) have signed a memorandum of understanding linking their mutual fund markets.
Blackrock’s flagship China ETF now physical
Blackrock’s iShares FTSE A50 China Index ETF loses its “synthetic” label and acquires a renminbi counter.
Alibaba fund lifts China’s total AUM
The Yuebao money market fund had inflows of RMB 623.5bn ($91.8bn) in the first half of 2017 thanks to its 4% yield, according to mainland media.
Best and worst funds – June 2017
UBS, Allianz, Schroders, Blackrock and Castlestone have funds that are among the best and the worst performers in June 2017.
Morningstar adds and removes best China funds
The fund research firm has added three funds from HSBC, E Fund and Yinhua to its list of best Chinese onshore funds either awaiting approval or approved for sale through the MRF.
ETFs among China’s top performers
FSA looks at top performing China equity funds and finds that half of them are ETFs.
Taiwan’s L&I ETFs on the rise
Products from Yuanta Securities Investment Trust are the latest leveraged and inverse (L&I) ETFs listed on the Taiwan Stock Exchange, according to records from the bourse.
BOCHK fund hits MRF asset limit
The BOCHK All Weather China High Yield Bond Fund has stopped subscriptions after it approached the 50% limit of assets gathered in the mainland as MRF fund flows increased.
JP Morgan, Blackrock funds key to FE 100 changes
FE Advisory Asia has replaced seven funds in its semi-annual review of the top 100 mutual funds authorised by the SFC for sale to investors in Hong Kong.
