Hong Kong Archives - Page 11 of 82

HK asset managers lack transparency

Most of the HK public are unfamiliar with asset management services, yet the sector retains a good level of trust, according to an EY survey.

The firm has rolled out its first Ucits products, which include three China-focused funds and an emerging market offering.

The firm launched three funds in the SAR that provide a monthly dividend distribution.

Seoul-based Shinhan Bank has been registered with the Hong Kong regulator for the first time.

So far, it is the only SFC-authorised fund that the firm is managing in the SAR.

A former relationship manager at Citic lied about an additional sum they had to pay the bank for opening accounts.

Two Shenzhen-listed ETFs will each invest in products managed by Hang Seng Investment Management and CSOP Asset Management in Hong Kong.

Retail investors in the SAR expect double-digit returns as many shift to riskier assets despite Covid-19, according to a global survey.

The US asset manager will close its Hong Kong ETF business and move its regional HQ to Shanghai.

Assets sourced from family offices and trusts grew nearly 90% during the year.