Momentum Global Investment Management has received approval from the Securities and Futures Commission to sell its Luxembourg domiciled Ucits fund range to retail investors in Hong Kong.
Category: Fund news
Aberdeen Young soft closure for Asia Pacific fund
Singapore-based Aberdeen veteran fund manager Hugh Young has warned that a sudden $5bn inflow to its Asia Pacific strategy could force its flagship $10.3bn Sicav fund to soft close to new business.
Standard Chartered to sell domestic funds in China
Standard Chartered Bank is to sell domestic mutual funds in China, becoming one of the first foreign banks to do so in the country.
HK managers in race to offer funds for mainland
Hong Kong-based fund managers are “racing” to introduce Hong Kong-domiciled funds, ahead of plans for a “mutual recognition” programme that will enable them to be sold in mainland China, according to a report published today in the South China Morning Post.
