More onshore managers are looking at Hong Kong as a place to launch offshore products.
Tag: China
Asia bear still growling
Even though a growing group of asset management firms are warming to emerging markets, Gary Reynolds, CIO at UK-based wealth and asset management firm Courtiers, remains bearish on the region and believes the US is the most attractive opportunity.
China ETFs gain traction
Mainland exchange trade funds reported strong August inflows, in particular the first ETF tracking China’s State-owned enterprises.
Schroders rolls out China-focused multi-asset fund
The firm believes improving investor sentiment for China and the demand for income will attract investors to its China Asset Income Fund.
China vulnerabilities “dangerous”, says IMF
The lending organisation had strong words about difficulties in “critical areas”, while Rhodium Group warned that wealth management products are behind shadow financing that is driving “unsustainable” economic growth, creating conditions similar to those that led to the 2007-2008 global financial crisis.
Northbound MRF fund sales set record in July
The four Hong Kong-domiciled funds selling in the mainland through the Mutual Recognition of Funds scheme drew RMB 1.1bn ($166m) of net sales in July, the highest since the sales started at the beginning of the year, according to the latest data from State Administration of Foreign Exchange.
EM equities see rapid rise in retail flows
Flows into emerging market funds over the last three months show a big increase, with the notable exception of China-only investments, according to retail investment platform Rplan.
UBS AM sees $3.5trn flowing into China fixed income
The firm has ambitious plans to target on and offshore investors in China and sees the asset pool in the mainland growing signficantly, said Rene Buehlmann, head of Asia Pacific and group managing director for UBS Asset Management.
What does the industry think? – 22 August
In a new weekly feature, FSA finds the only executives in Asia willing to go on record and comment on key investment issues.
China’s WM due for `cleansing’, says Noah WM
The ongoing regulatory crackdown on China’s wealth managers impacts on Noah, but Kenny Lam, group president of Noah Holdings, believes it is a positive in the long term.