Retail sales of global multi-asset funds in Hong Kong surged in December 2016, suggesting the retail base is now seeking diversification.
Category: Fund news
Chinese QDII investors pour into fixed income
Assets in fixed income QDII funds quintupled in 2016, reflecting Chinese investors’ growing interest in the safety of foreign bonds.
JP Morgan to roll out more MRF funds
JP Morgan Asset Management plans to launch more funds for China distribution through the Mutual Recognition of Funds scheme, even though overall MRF sales have been slowing, said Henry Tong, head of China retail business.
Mobius to stand down as PM on 12 funds
Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.
E Fund and Yuanta partner for inverse ETF
The two firms partnered to launch in Hong Kong an inverse ETF tracking the Hang Seng Index, following four other issuers.
Investors piled money into underperforming China funds
FSA found an interesting pattern of capital flows in the best and worst performing China mutual funds domiciled in Hong Kong, with the focus on the 2015 China stock market peak.
Flood of L&I ETFs launch in Hong Kong
Cleared by the regulator, four firms moved quickly to launch a total of 16 leveraged and inverse (L&I) ETFs tracking the Hang Seng Index and the Hang Seng China Enterprise Index.
Agriculture sector funds carry highest fees
Agriculture is the most expensive equity sector for mutual fund investors, based on the average of annual fees charged by sector-focused funds available for sale in Hong Kong.
Distribution a challenge for ETFs in China
Fees and distribution, as well as investor education, are cited as the biggest hurdles for ETF sales in the mainland, said panelists at a Hong Kong Investment Funds Association event.
Asia’s fund professionals bullish on global economy
FSA Income Forum participants in Hong Kong and Singapore say they have a positive or very positive outlook on the global macro economy in the next 12 months.
