New launches, delistings and fee cuts of ETFs continue ahead of the highly anticipated ETF Connect as well as the potential extension of L&I ETFs to track Hong Kong equities.
Category: Fund news
Morningstar Asia fund reviews and re-ratings – November
Upgrades for Allianz, Fidelity, First State, Schroders and Templeton and coverage initiated on several others, together with the new “sustainability rating”.
HK’s bond fund sales outpace equities
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
Aberdeen trims China bond exposure
Macro risks on the horizon have prompted EM portfolio adjustments, said Kenneth Akintewe, senior investment manager for Asia fixed income.
The fall of synthetic ETFs in HK
The 2% yearly collateral charges and strict regulations in the SAR are causing issuers to close down synthetic ETFs and discouraging them from launching new synthetic products.
Onshore fund houses get set for Stock Connect
About two dozen onshore fund managers, including China’s largest — Tianhong Asset Management — have been granted access to invest through the upcoming Shenzhen-Hong Kong Stock Connect.
CIFM focuses on A-share earnings
Mainland companies with stable earnings and low valuations are preferred amid uncertainties around the globe, said Jenny Szeto, Hong Kong-based senior fund manager at CIFM Asset Management.
Amundi new low fee A-share ETF aims at rivals
Amundi hopes its comparatively low-fee FTSE China A50 Index ETF, launched yesterday in Hong Kong, will compete well against rival A-share ETFs from iShares and CSOP.
JPM MRF fund caps new subscriptions
Northbound net flows under the Mutual Recognition of Funds scheme dropped in September after JP Morgan put a limit on new subscriptions for its bond fund.
Report: Chinese investors focus squarely on return
Consultant Z-Ben Advisors believes that if Vanguard were to come onshore tomorrow with its current strategy, it would not have much traction because returns are more important than low fees in China.
