Lu International in Hong Kong, a subsidiary of China retail fintech firm Lufax Holding, has added four JP Morgan Asset Management mutual funds to its platform, according to a statement from the fintech firm.
The four products include three Hong Kong dollar-denominated funds and one US dollar-denominated fund.
These are the JPM US Technology Fund, the JPM Total Emerging Markets Income Fund, the JPMorgan Funds Income Fund and the JPMorgan Funds Emerging Markets Investment Grade Bond, according to the statement.
The Lu HK app shows that these four products are already available on the platform.
“JP Morgan has substantial experience in providing professional and diversified financial services. I believe this cooperation will bring a new batch of high-quality products to our platform, which can meet our users’ diverse investment needs,” Cai Hua, CEO of Lu Hong Kong said in the statement.
“In the future, both parties will further explore possibilities for cooperation,” he added.
The move comes after the platform included the first batch of US dollar-denominated funds last month. Launched in August, the app previously only offered Hong Kong dollar-denominated products.
In total, there are 34 funds for sale on the platform, including 25 HK dollar-denominated funds and nine US dollar-denominated funds.
The 25 Hong Kong dollar-denominated funds
| Fund’s name | Type |
| Allianz Global Artificial Intelligence | Equity |
| JPM US Technology Fund | Equity |
| CUAM China-Hong Kong Strategy Fund | Equity |
| Franklin Technology Fund* | Equity |
| E Fund (HK) China Equity Dividend Fund | Equity |
| Da Cheng Overseas China Concept Fund | Equity |
| Harvest China Equity Fund | Equity |
| Franklin Biotechnology Discovery Fund* | Equity |
| Da Cheng China Balanced Fund | Mix-asset |
| Janus Henderson Balanced Fund | Mix-asset |
| Allianz Income and Growth* | Mix-asset |
| Bosera-Orient Sun Rise Greater China Bond Fund | Bond |
| ChinaAMC Select Fixed Income Allocation Fund | Bond |
| Harvest China Income Fund | Bond |
| JPM Total Emerging Markets Income Fund | Mix-asset |
| AB Low Volatility Equity Portfolio* | Equity |
| Franklin U.S. Government Fund | Bond |
| Templeton Emerging Markets Dynamic Income Fund | Mix-asset |
| Taikang Kaitai Overseas Short Tenor Bond Fund | Bond |
| E Fund (HK) Hong Kong Dollar Money Market Fund | Money market fund |
| E Fund (HK) Select Asia High Yield Bond Fund | Bond |
| CSOP Select US Dollar Bond | Bond |
| JPMorgan Funds Income Fund | Bond |
| BNY Mellon Emerging Market Corporate Debt Fund* | Bond |
| Harvest China A Research Select Fund | Equity |
The other four US dollar-denominated funds
| Fund’s name | Type |
| BNY Mellon Mobility Innovation Fund | Equity |
| BNY Mellon Long-Term Global Equity Fund | Equity |
| Ping An of China SIF-RMB Bond Fund | Bond |
| JPMorgan Funds Emerging Markets Investment Grade Bond | Bond |
The firm has been active in expanding its services outside of China. In Thailand, Lu International announced a partnership with Kasikornbank in August to launch an online wealth management platform in the country, which was just rolled out last month.
Its first overseas arm was set up in Singapore in 2017, which launched the Lu Global online platform in the Lion City the year after.
