Hong Kong Archives - Page 21 of 81

Mirae joins thematic ETF trend in Hong Kong

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.

But the hope is that a July change in Cayman Islands regulations will steer hedge and private fund managers toward locally-domiciled funds.

A number of firms are still finding it difficult to comply with Hong Kong’s manager-in-charge (MIC) regime.