Fidelity International has launched a new platform that will hold a range of Hong Kong domiciled funds for investors.
Following the launch of GBA Wealth Management Connect, Fidelity said it plans to offer a range of Hong Kong domiciled funds for the first time in over a decade.
The first fund is the “Fidelity Selected Funds – Short Duration Quality Income Fund”. The fund’s objective is to invest in a spectrum of global debt securities with the aim of delivering an attractive level of risk-adjusted total return, while maintaining an overall average investment grade rating at the portfolio level and a maximum duration of two years.
Additional funds will be added to the platform in the coming months.
“Hong Kong is a critical, long-term market for Fidelity and an important contributor to the development of the Greater Bay Area. As a key pillar in our Greater China growth strategy, we are investing in our capability to support the needs of GBA investors through a growing range of diversified solutions,” said Rajeev Mittal, managing director for Asia Pacific ex-Japan at Fidelity International.
“The launch of our Hong Kong domiciled fund platform continues more than 40 years of commitment to the Hong Kong market and opens up new opportunities as the GBA Wealth Management Connect scheme further evolves.”