The gap between retirement dreams and projected reality has grown wider during the past year, according Allianz Global Investors’ survey of Hong Kong population.
Tag: Hong Kong
Hong Kong’s private wealth assets grow by 9%
Hong Kong’s private wealth management assets reached HK$5.2trn ($670bn) in 2016, growing by 9% and increasing their share of the overall fund management business in the territory, according to a report by the Securities and Futures Commission.
Deutsche AM terminates 16 ETFs in Hong Kong
Deutsche Asset Management is delisting 16 DB x-trackers ETFs in Hong Kong, reducing by half the number of the firm’s ETFs listed in the SAR, according to records from the Hong Kong Exchange and Clearing.
In case you missed it – Asia Markets Updates
M&G Real Estate makes three senior appointments in Asia; Northern Trust appoints an institutional sales manager in Hong Kong; BNP Paribas names a new China CEO; China’s Creditease to provide investment advise in the US; Pimco and Impax see their AUM increase; Singapore and Thailand sign a fintech cooperation agreement; and more…
Amundi obtains China MRF approval
The Chinese financial regulator has approved Amundi’s Asia-focus equity fund for sale onshore under the Mutual Recognition of Funds (MRF) program.
Risk-off mode persists in HK and Singapore
Fixed income funds in Hong Kong and Singapore saw the bulk of inflows in the first quarter of 2017, while the demand for equity funds remained low, according to a Cerulli Associates report.
Regulators grant QFII quota and licences
First State and BOCHK received licences and US asset manager Hall Capital was granted QFII quota in June, according to China’s regulatory agencies.
HKEX: ETFs de-listed; funds to launch
Samsung Asset Management will delist six ETFs in Hong Kong, while Capital Group received a green light to launch five mutual funds.
Growing crop of HK robo-advisors adds another entrant
Hong Kong-based B2B robo-advisory startup Aqumon signed its first four clients to launch a fully-automated portfolio in the SAR and in China.
In case you missed it – Funds and Asset Management Updates
Aviva Investors names Charles Wong as head of Asia wholesale distribution; Pinebridge poaches APAC marketing exec from SSgA; a fintech association launches in Hong Kong; fintech agreements in Singapore and Malaysia; CSOP’s China ETF sees huge inflows following MSCI’s China inclusion announcement; and more…
