Hong Kong-domiciled products sold in the mainland (northbound funds) continue to gather assets.
Category: Fund Flows
Northbound MRF inflows reach record high
But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.
Northbound MRF inflows at nearly $1bn
Onshore money seeks offshore exposure and Broadridge says some popular northbound funds have an absolute return flavour.
Foreign inflows spark ESG interest in China
A-share inclusion on major indices has led to interest among Chinese businesses in improving the ESG profile, according to Robeco.
APAC leads in UBS Q2 wealth inflows
However, the bank’s wealth management unit had net outflows of new money in the US.
Apac drives Credit Suisse’s Q1 inflows
However, pre-tax income was lower this year due to lower levels of market activity.
Apac drives UBS Wealth inflows
Additionally, assets of the firm’s sustainable portfolio have reached $550m in Asia.
UBS Wealth reports plunge in 2018 inflows
The firm reported 40%-plus drops in wealth and asset management results in 2018.
Hong Kong investors snub ESG products
Misperceptions and a general lack of understanding of ESG products are the reasons for scant interest, according to a survey conducted by the Hong Kong Investment Funds Association (HKIFA).
China, Indonesia drive Asia’s fund inflows
Asia fund AUM grew in the first three quarters last year and investors had a preference for mixed asset funds, according to a Cerulli Associates report.