The newly created role is to enhance the connectivity between Hong Kong and Mainland China.
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The newly created role is to enhance the connectivity between Hong Kong and Mainland China.
Fund sales have risen in Hong Kong since record outflows in March, according to the Hong Kong Investment Funds Association (HKIFA).
Strong outflows from bond funds for sale in Hong Kong were driven by global and high yield products, as the asset class undergoes a huge reversal from 2017, according to data from Hong Kong Investment Funds Association (HKIFA).
Net sales of mixed-asset funds in Hong Kong grew tenfold in 2017 compared to the year before, as investors hedged the risk of a market correction, according to data from Hong Kong Investment Funds Association (HKIFA).
ETF Connect, the scheme that aims to link the exchange-traded fund markets of Hong Kong and mainland China, is expected to launch by the end of 2018, according to Sally Wong, CEO of the Hong Kong Investment Funds Association.
Balanced funds in Hong Kong saw year-on-year gross sales nearly triple to $12.4bn from $4.3bn a year ago, the first time they exceeded those of equity fund sales since 2006, according to data from Hong Kong Investment Funds Association (HKIFA).
Hong Kong investors opt for a commission-based model, while more mainland peers prefer a fee-based one, according to a Hong Kong Investment Funds Association survey.
Almost three-quarters of mainland investors said they are likely to try using a robo-advisor, compared to one-third for their Hong Kong peers, according to a Hong Kong Investment Funds Association survey.
Portfolio managers are generally upbeat on European equity markets, while they have turned less sanguine over bonds, according to a survey by the Hong Kong Investment Funds Association.
A majority of fund houses in Hong Kong intend to use the Stock Connect in 2015 to access the China A-share market, according to a survey by the Hong Kong Investment Funds Association.
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