T Rowe Price will continue a retail fund push in Hong Kong after receiving approval to launch six more funds.
The firm received a greenlight from the Securities and Futures Commission to roll out the T Rowe Price Asian ex-Japan Equity Fund, Emerging Local Markets Bond Fund, Global Aggregate Bond Fund, Japanese Equity Fund, Science and Technology Equity Fund and the US High Yield Bond Fund, according to the regulator’s records.
All are Luxembourg-domiciled Ucits funds.
The funds are also available in Singapore, but only to the Lion City’s accredited investors, according to data from FE Analytics.
The new products follow the rollout of three funds in 2018 and five in 2017, four of which are fixed income products.
The Hong Kong retail market is a regional target, the firm said previously.
“We have seen initial signs of success, and will continue to build out our Asia intermediary distribution network and explore opportunities to register more Ucits Sicav funds with the SFC,” a spokeswoman of the firm said.
When launched, the six funds will bring the firm’s total number of SFC-registered products to 19.
