The fund research firm’s report emphasises an ad hoc investment process highly dependent on its founder fund manager.

The fund research firm’s report emphasises an ad hoc investment process highly dependent on its founder fund manager.
Following pressures from Hong Kong officials that the manager can be changed to safeguard the interests of investors.
The IPO of the Lion-OCBC Securities Hang Seng TECH ETF began yesterday, after receiving Monetary Authority of Singapore (MAS) authorisation earlier this month.
This is the first time that Zurich Takaful has partnered with a foreign manager to launch a fund product.
China Asset Management plans to wind up two L&I ETFs linked to Hong Kong’s H-share index.
The firm will also make use of the new variable capital company (VCC) framework for the fund.
The iShares ETF listing on the Hong Kong Stock Exchange follows the relaxation of the master-feeder regime late last year.
Volatile markets prompted the introduction of the funds, which invest in ETFs and aim to address “unstable market cycles”.
The world’s two largest passive product providers are set up in Hong Kong, but there is no substantial investor education on ETFs.
CSOP Asset Management has pulled two ETFs from the Hong Kong market since July, following a spate of other firms doing the same.
Part of the Mark Allen Group.