The investment manager said it received permission from the Monetary Authority of Singapore to register three funds for sale, namely the Neuberger Berman High Yield Bond Fund, Neuberger Berman US Multi-Cap Opportunities Fund, and Neuberger Berman Short Duration High Yield Bond Fund.
Meanwhile, Neuberger Berman Asia, a unit of Neuberger Berman Group, received approval on the same three funds from the Securities and Futures Commission.
The other eight funds that Neuberger are now able offer to retail investors in Hong Kong include: Neuberger Berman US Large Cap Growth Fund, Neuberger Berman Global Disciplined Growth Fund, Neuberger Berman US Real Estate Securities Fund, Neuberger Berman China Equity Fund, Neuberger Berman Global Equity Income Fund, Neuberger Berman Emerging Markets Equity Fund, Neuberger Berman US Small Cap Fund, and Neuberger Berman Global Bond Fund.
“We are thrilled to receive approvals of our UCITS funds, allowing us to make available some of our most popular funds to retail investors in Hong Kong,” said Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman.
“As our firm grows to meet the needs of an increasingly global customer base, it is critical that we are able to offer investment strategies to satisfy that demand.”
Neuberger Berman currently manages over $21bn in assets for institutional and individual clients across its Ireland-based Neuberger Berman Investment Funds UCITS range, including over $1.5bn raised from Taiwan.
With offices in 16 countries, the 75-year old investment manager manages assets worth $242bn as of 31 December with a team of over 2000 professionals.