Hong Kong mutual funds selling in the mainland under the Mutual Recognition of Funds scheme reached RMB 2.77bn ($415m) in net sales in the first half, 45 times higher than the opposite flows.
Category: News
SFC: Hong Kong PB AUM rises sharply
Hong Kong’s private banking business shot up 18% to HK$3.7trn ($473bn) last year while asset management AUM fell by 4%, a Securities and Futures Commission survey has found.
ICBC and Wisdomtree plan China ETF launch
ICBC Credit Suisse Asset Management (International) and Wisdomtree Investments plan to a European launch of an ETF tracking the S&P China 500 Index.
Robeco sets up Singapore office
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately, New York Life IM is opening a Japan sales office.
The FSA Spy market buzz – 22 July 2016
Aviva Investors changing guard; CTBC Private Bank hires; Brexit vs emerging markets; Spy at odds with Franklin Templeton; UOB states the obvious and much more.
Singapore to act against four banks over 1MDB scandal
Singapore’s MAS plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Despite returns, QDII quota in demand
Domestic market volatility and currency concerns are driving demand for QDII quota, which allows offshore investment, but authorities have shut the door on new quota.
China’s CSOP in L&I ETF launch
In Hong Kong, CSOP Asset Management has launched a pair of leveraged and inverse exchange-traded products tracking India’s Nifty 50.
JPM: US financials to outperform global peers
US and Asian equities are preferred when investors’ risk appetite improves, said JP Morgan Asset Management global market strategist Ben Luk.
Alts manager sets up in Hong Kong
US-based AQR Capital Management will focus on sales and client servicing while evaluating China’s investor base.
