China Post to launch fixed income fund in HK

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The product will be the firm’s second locally-authorised mutual fund for investors in Hong Kong.

China Post and Global Asset Management (China Post GAM) has received a green light from Hong Kong’s Securities and Futures Commission (SFC) to launch the China Post Global Fixed Income Fund, according to the regulator.

China Post GAM did not reply to FSA‘s request for more information in time for publication.

The firm already offers one SFC-authorised fund in Hong Kong, the Japan Small Cap Equity Fund, which was launched in December last year.

However, three other China Post GAM funds that the SFC approved in 2016 for launch have not been rolled out: the Global Equity Select Fund; the Global Strategic Emerging Industries Fund; and the Global US Small/Mid Cap Equity Fund.

The firm, which has offices in Hong Kong and London, is the international arm of Beijing-based China Post and Capital Fund Management.

It has been active in London, where it has launched several ETF products.

In January, the firm listed its Market Access iStoxx MUTB Japan Quality 150 Index Ucits ETF on the London Stock Exchange, marking the first time it listed a product in the city after it acquired the Market Access range of ETFs from Royal Bank of Scotland in 2016.

The firm then listed other ETFs in Europe this year, which include a China A-shares ETF and an ETF providing exposure to euro-denominated AT1 contingent convertible bonds.

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