Misperceptions and a general lack of understanding of ESG products are the reasons for scant interest, according to a survey conducted by the Hong Kong Investment Funds Association (HKIFA).
Tag: Hkifa
HK investors lack interest in cross-border schemes
Most Hong Kong investors have not participated in the various cross-border schemes that connect the SAR to the mainland, according to a survey conducted by the Hong Kong Investment Funds Association (HKIFA).
Fund sales plunge in Hong Kong
Although balanced funds saw net inflows during the first 10 months of 2018, equity and bond funds suffered net redemptions, according to an industry report.
In case you missed it (14 September 2018)
Schroders hires PM from HSBC Global AM; Franklin Templeton names new fixed income CIO; BNY Mellon creates chief economist role; Hong Kong’s private wealth AUM to double by 2023; Willis Towers Watson and MSCI co-develop ESG strategy; MAS introduces new corporate structure for funds; and more…
DBS: Fund selectors seek qualitative talks
Banks are now looking more at the qualitative aspects of fund products and not just performance, according to industry sources.
HKMA: Banks misinterpret fund regs
In terms of fund distribution, banks in Hong Kong have misinterpreted some of the HKMA’s directives, adding unnecessary compliance work, according to deputy CEO Arthur Yuen.
HKIFA sees equity fund comeback in 2017
Fixed income inflows turned positive in 2016, but the Hong Kong Investment Funds Association is optimistic about equity funds in the first half.
HK’s bond fund sales outpace equities
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
HK fee transparency plan could hit alts
The proposal to enhance fee disclosures should not have a big impact on banks and fund houses, but may impact the small intermediaries, according to industry players.
HK fund managers favour Japan equities
Hong Kong fund managers currently favour Japanese and US equities, while they have become more cautious on European markets, according to a recent survey.
