The average pace of new fund approvals in the past ten years has been around nine funds a month, according to data from the Securities and Futures Commission’s website. The SFC set its all time record in January 2012, when it authorised for sale 39 new products.
The bulk of the newly-approved funds comes from four asset managers: Eight from Blackrock, six from HSBC Global Asset Management, four from Allianz Global Investors and four from Alliance Bernstein, according to records from the regulator.
Of these new products, seven are fixed income, three are China-focused, three are multi-asset and three are real-estate funds.
So far this year, the SFC has approved 30 funds to be sold in the SAR. The regulator approved 102 funds in 2017. In 2016, the busiest year ever, the SFC approved 140 funds, while 2015 saw 126 new products, the records show.
Funds approved
Alliance Bernstein:
- All Market Income Portfolio
- American Growth Portfolio
- European Equity Portfolio
- Eurozone Equity Portfolio
Allianz Global Investors:
- Allianz All China Equity
- Allianz Dynamic Asian Investment Grade Bond
- Allianz Emerging Markets Select Bond
- Allianz Global Dynamic Multi Asset Strategy 50
Blackrock:
- Asian High Yield Bond Fund
- Asian Multi-Asset Growth Fund
- China A-Share Opportunities
- China Flexible Equity Fund
- Dynamic High Income Fund
- European High Yield Bond
- North American Equity Income
- World Real Estate Securities Fund
E Fund Management
- E Fund Global Dynamic Multi-Asset Fund
Harvest Global Investments:
- Harvest Global Real Estate Opportunities Fund
HSBC Global Asset Management:
- HSBC Global Investment Funds – Euro Bond
- HSBC Global Investment Funds – Global Lower Carbon Bond
- HSBC Global Investment Funds – Global Lower Carbon Equity
- HSBC Global Investment Funds – Global Real Estate Equity
- HSBC Global Investment Funds – Global Short Duration Bond
- HSBC Global Investment Funds – India Fixed Income
