China

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China fund distribution remains rough

Global asset managers are setting up in China, but lack of an onshore track record and brand recognition are among the challenges they face with onshore distribution, according to Aberdeen Standard and Fullerton.

Value Partners eyes sharia funds, plans US office

Despite a 1H profit slide, Hong Kong-listed Value Partners said it intends to open offices in Malaysia and the US and possibly launch a ‘core China’ fund in Europe.

China wants to attract overseas fund talent

Chinese authorities have simplified procedures for Taiwan professionals to work in the fund industry and are now offering the exams in English.

Foreign managers continue to move into China

Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.

Data | 13 Aug 18

Report: China, India driving AUM growth

Asset growth in China’s money market funds is expected to slow, while India may see a period of consolidation among its robo-advisors, according to Boston-based research firm Cerulli Associates.

Value Partners launches its third onshore fund

Hong Kong-listed Value Partners has launched another onshore China fund through its investment management wholly foreign-owned enterprise (IM WFOE).

i-Fast’s China AUA grows 140%

Singapore-headquartered i-Fast Group’s assets under administration (AUA) in China grew 140.5% to RMB 466m ($68.3m) in June from the previous year, according to the firm’s first half financial results.

Samsung AM shifts to smart beta

The Korean asset manager, which delisted six ETFs in Hong Kong last year, now plans a move into thematic and smart beta products for the Hong Kong market.

China’s quota programmes take a break

China did not give additional allocations for its inbound and outbound quota programmes last month, according to records from the State Administration of Foreign Exchange (SAFE).

Data | 2 Aug 18

MRF northbound funds lose half of assets in H1

Funds sold in China through the Mutual Recognition of Funds (MRF) scheme had a record month of outflows in June and in total lost half of assets since January, according to the State Administration of Foreign Exchange (SAFE).

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3. Will Asia’s WM firms outsource more services?

4. Foreign managers continue to move into China

5. HEAD-TO-HEAD: Columbia Threadneedle vs Invesco