Hong Kong Archives - Page 21 of 81

Third asset manager joins Swiss-HK MRF

Despite the Hong Kong firm joining the cross-border distribution scheme, there is little interest from the industry.

Other firms also say they have not seen any transfer of money outside of Hong Kong that are linked to the protests.

Assets of three other China-focused thematic ETFs have already passed the break-even mark.

The firm intends to launch an equity product that was formerly only available to professional investors.

In Hong Kong, commodity-focused ETFs have gathered too few assets.

Global equity markets have rallied this year, but two-thirds of fund sales in Hong Kong are in fixed income products.

At the same time, Chinese investors have continued to pour money this year into Hong Kong-domiciled funds sold in the mainland via the MRF scheme.

For involvement in the 1MDB scandal, Tim Leissner also has a lifetime prohibition on entering Singapore’s financial industry.

Fund Selector Asia will be hosting our specialist Discretionary Portfolio Forum this August in Hong Kong.

Separately, another Hong Kong-listed China-focused firm reported assets growth of 15% during the first five months of the year.