Assets sourced from family offices and trusts grew nearly 90% during the year.
Tag: Hong Kong
The FSA Spy market buzz – 21 August 2020
Sands Capital in Asia; Federated Hermes reminds on credit; Managers on US election; Ant Financial IPO; Tesla vs Crypto; Wellington’s books; Tips from the Wolf; Free money and much more.
Hang Seng IM, Ping An AM eye wealth connect pilot
Both firms will combine their investment management capabilities to launch a mixed-asset product in Hong Kong.
HK investors seek more diversified products
Investors in the SAR are becoming more sophisticated, but local brokerages are struggling to catch up, according to a Broadridge Financial report.
Allianz GI explores food security theme
The firm is also expected to develop other sustainable investing funds.
Hong Kong fund sales slump
Net outflows from retail fund sales in Hong Kong in the first half of the year were greater than during the global financial crisis, according to HKIFA data.
Mirae Asset to launch more China themed ETFs
The firm now manages $880m in China-focused thematic products in Hong Kong.
Hang Seng IM preps income fund
The firm has co-branded with Ping An to launch the product in Hong Kong.
Hang Seng’s wealth biz revenues down 40%
Customers were delaying long-term investment decisions due to the uncertain market environment, the bank said.
CCB Principal AM gains Hong Kong licences
Separately, UBS SDIC AM’s licences in the territory were removed.
