Morningstar data shows that 15 funds available for distribution in Hong Kong and Singapore were exposed to China’s troubled property sector at the start of the year.
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Morningstar data shows that 15 funds available for distribution in Hong Kong and Singapore were exposed to China’s troubled property sector at the start of the year.
Bank of China’s Hong Kong subsidiary partners with South African asset manager Ninety One exclusively on RMB-denominated green fund.
Short term bond funds in the country see THB96.4bn ($2.66bn) in quarterly outflow, Morningstar data found.
The firm now offers at least nine SFC-authorised fixed income products in the SAR.
Investors poured cash into risk assets as sentiment improved after the mid-March slump, according to Morningstar Direct.
The bank’s asset management arm joins rival firms on the fixed maturity product bandwagon as it readies three instruments for sale to Hong Kong’s retail investors.
The 2.5 year fixed-term bond fund aims for a 3.5%-4% yield and will be marketed to retail investors in Hong Kong and Singapore.
Asia head Rossen Djounov explains Asia-Pac damage control, lessons learned and the firm’s regional plans.
In the first half, Pimco’s global bond fund lost 40% of assets in Thailand as investors dumped bonds for equities, according to Morningstar research.
European high yield and emerging market bond funds top the list of best performing fixed income funds available for Hong Kong and Singapore investors, while US dollar and global bond funds underperformed.
Part of the Mark Allen Group.