The Hong Kong fund industry witnessed a slump in net sales in 2013 over the previous year, according to Hong Kong Investment Funds Association, which attributed the decline to bond funds which saw net annual outflows for the first time since 2007.
Category: Fund news
Sinopac to launch Asian equity value fund
SinoPac Asset Management will launch the Accudo Asian Value Arbitrage Fund in early March and has appointed Manuel Schlabbers as the fund manager.
Bonds out of favour with HK managers
The majority of asset managers in Hong Kong are optimistic about the outlook for equity markets and many continue to hold a negative view of bonds, according to a recent survey.
BlackRock floats merging market fund
BlackRock has launched a new multi-asset fund aimed at emerging market investors.
Schroders reopens Asia asset income fund
Schroder Investment Management, the Hong Kong arm of London-based Schroders plc, has reopened its Asia Asset Income Fund, and added a Renminbi-hedged share class.
Fullerton launches Asia short term debt fund
Fullerton Fund Management has launched an Asia-focussed short duration fixed income fund which will invest in securities with an average portfolio duration of about three years.
Manulife launches MPF RMB bond fund
Manulife Asset Management Hong Kong will introduce a new fund to its mandatory provident fund account platform from 16 December.
Alquity plans Asia Indian lat am funds
Alquity Investment Management‚ which has made a name for itself over the past few years with its unique blend of responsible investing and attractive returns‚ is preparing to launch three new frontier funds next year.
Manulife unveils pension fund scheme in Macau
Manulife (International) has launched a pension scheme for workers in Macau.
PwC for revamping Singapore fund framework
Singapore should consider revamping the way its investment fund laws are structured‚ to permit different asset management industry sectors to offer more variety and thus cater to a brader range of clients‚ a new PwC white paper says.
