China Archives - Page 33 of 120 - Fund Selector Asia

Chinese wealth manager sets up in Hong Kong

A Beijing-based firm has joined other Chinese wealth managers which have expanded offshore.

Both UBS AM and JP Morgan Global AM score high in terms of retail brand perception and local operational strength.

But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.

The asset manager’s WFOE taps into domestic demand for China fixed income.

But in Hong Kong, the firm is building its retail business and has signed Standard Chartered Bank as distribution partner.

Investors should seek extra yield, liquidity – and sanctuary – with investment grade corporate bonds, according to JP Morgan Asset Management.

Separately, leveraged and inverse (L&I) products and a number of China-focused thematic ETFs have grown popular in Hong Kong.

The firm aims to participate in the Hong Kong-China Mutual Recognition of Funds (MRF) scheme.

China could cope with a full-blown trade war with the US, but a deal is likely by year-end, argues Andy Rothman.

Onshore money seeks offshore exposure and Broadridge says some popular northbound funds have an absolute return flavour.