UBS Asset Management continues to introduce onshore funds against the background of strong market volatility and imminent global recession.

UBS Asset Management continues to introduce onshore funds against the background of strong market volatility and imminent global recession.
After the unusual outflow in January, Hong Kong-domiciled products sold in the mainland (northbound funds) through the MRF saw net inflows in February.
The Hong Kong-based asset manager has added one more product for sale in China via the private fund management (PFM) channel.
A tough Q4 has impacted the NYSE-listed Chinese wealth management firm.
Regulatory developments in Taiwan and China are worth watching as they can potentially influence the shift to fee-based models in the region, according to a Cerulli report.
The US firm has been approved for its second QDLP product, which allows it to gather domestic money to invest offshore.
E Fund Management is one of several China firms, including GF Fund and Dacheng Fund, that imposed restrictions on purchases of their QDII funds last week.
Raffles Family Office expects to more than double AUM this year, even after putting mainland plans on hold.
Last year was the second consecutive year of losses for the NYSE-listed Chinese wealth manager, which also reported a plunge in net revenue due to “industry-wide headwinds”.
The most resilient Asia-Pacific ex-Japan funds this year have had high exposure to China and Hong Kong, and have avoided Asean.
Part of the Mark Allen Group.