Hong Kong Exchanges and Clearing Limited (HKEX) announces the listings of three ETFs linked to the MSCI China A 50 Connect Index.
Schroders’ Apac boss; EFG poaches; ChinaAMC’s ETF head; Nomura spends; Raffles FO in Beijing; JPMAM has new Oz chief.
China Asset Management (Hong Kong) will manage the seven Hong Kong-listed ETFs given up by Canada’s BMO Global Asset Management.
The asset manager has partnered with artificial intelligence company Boosted.ai.
Investors have been attracted to CSI 300’s broader holdings.
After three-months in the market during the spread of the coronavirus, an ESG fund from NN Investment Partners and China Asset Management has been announced.
Separately, one of CSOP Asset Management’s recently launched (-2x) inverse products has become the second largest L&I ETF in Hong Kong.
MSCI has selected 234 stocks out of 3500 companies listed in Shanghai and Shenzhen to add to its widely-tracked global and regional indices.
The slow development of leveraged and inverse exchange-traded funds (L&I ETFs) in Hong Kong may be due to the SAR’s well-established warrant market, said Frederick Chu, head of ETFs at China Asset Management.
A 17.8% stake in China’s second largest mutual fund manager is up for sale after the biggest shareholder, CITIC Securities, decided not to top up its holdings.