Funds distributed through third-party online platforms are set to increase, according to Broadridge Financial Solutions.
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Funds distributed through third-party online platforms are set to increase, according to Broadridge Financial Solutions.
The brand recognition foreign asset management firms enjoy globally may have little impact on China’s domestic investors, who are most familiar with local asset management firms, said Mandy Lui, head of wholesale distribution for China, Hong Kong, and Singapore at BNP Paribas Asset Management.
Hong Kong’s Securities and Futures Commission proposed additional protective measures for selling ‘complex’ products via online distributing platforms and for providing robo-advisory services.
Robo-advisors are posing challenges to the people-oriented wealth management industry in China, according to panelists at Fund Forum Asia 2017 in Hong Kong.
JP Morgan AM lifted the subscription cap of its Asian bond fund selling through the mainland through the Mutual Recognition of Funds (MRF) scheme earlier this month, after northbound funds overall recorded net outflows for three months in a row.
Fees and distribution, as well as investor education, are cited as the biggest hurdles for ETF sales in the mainland, said panelists at a Hong Kong Investment Funds Association event.
The concentration of fund distribution channels in the banking sector could hamper Hong Kong’s ambition of becoming the world’s leading fund distribution centre, according to an official report.
Part of the Mark Allen Group.