The fund is an Asia-focused FMP.
The French asset manager launches its first fixed maturity product (FMP) in the Lion City this year.
Yield-hungry investors continue to find stable income from fixed maturity products (FMPs) in a low interest rate environment, according to Cerulli.
So far, it is the only SFC-authorised fund that the firm is managing in the SAR.
The HK asset management arm of Zurich-based EFG International plans to launch its second fixed maturity product (FMP) this year.
Separately, Phillip Capital is also expected to launch an income-generating product in the Lion City.
Separately, Invesco is expected to launch two more versions of its Asia bond FMP in the SAR.
It will be the third fixed maturity product (FMP) sold by the investment firm to Hong Kong retail investors this year.
The bank’s asset management arm joins rival firms on the fixed maturity product bandwagon as it readies three instruments for sale to Hong Kong’s retail investors.
Aberdeen Standard Investment is the latest asset manager to sell a fixed maturity product (FMP), generating income through allocations to emerging market bonds.