The funds focus on new technologies and the entertainment sector in China and Asia.
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The funds focus on new technologies and the entertainment sector in China and Asia.
Thematic index-linked funds lead the surge in demand across the region, according to a report.
Six Chinese domestic mutual fund managers are allowed to launch new ETFs linked to the Hang Seng TECH Index.
Bank of Montreal (BMO) has discarded its Hong Kong-listed ETFs and has also agreed to sell its EMEA asset management business.
The firm also plans to roll out up to three more equity ETFs this year.
Hong Kong-domiciled ETFs tracking onshore and offshore Chine indices have suffered year-to-date outflows of $400m and $200m respectively, according to Morningstar.
The firm will be launching its first active ETF in Hong Kong.
Valuecap intended to exit the asset management business.
Bosera AM is also expected to offer the same ETF later this month.
Investors are concerned about US President Biden’s plan of increasing corporate taxes, which are expected to hit the growthier parts of the market.
Part of the Mark Allen Group.