Hong Kong-based Value Partners will cut fees on its China-focused smart beta ETFs and launch Singapore’s first leveraged and inverse ETF, said Ling-kai Mak, the firm’s senior fund manager.
Tag: Hong Kong
Outflows still plague MRF funds
Northbound funds selling onshore in China under the Mutual Recognition of Funds (MRF) continued to see more inflows, although the net sales remained negative in March, according to latest data from the State Administration of Foreign Exchange.
Survey: HK wealthy missed the ‘Trump bump’
Hong Kong’s multi-millionaires failed to quickly adjust their portfolios to benefit from strong equity markets after the 2016 US presidential election, a Citi survey revealed.
In case you missed it – Market Updates
Blackrock reports $80bn of net inflows during the first quarter; L&I products in Hong Kong receive warm market response; Northern Trust upgrades developed and emerging markets economic outlook; more fund managers allocate more in Eurozone equities, according to a BofA Merrill Lynch report; SFC bans a bank manager for stealing; and others…
CCB: WFOEs have low chance of success in China
The path to success in China for a foreign fund management firm is the joint venture with a Chinese firm, argues Xianzhou Jiang, vice chairman and CEO of China Construction Bank (Asia), even though wholly foreign-owned enterprises (WFOEs) are now allowed to launch investment products on the mainland.
FSDC proposes new structured products
Hong Kong’s Financial Services Development Council (FSDC) recommends broadening of the domestic listed structured product range by introducing yield enhancement, participation and capital-protected products.
HK fines Coutts HK$7m for AML breaches
The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.
Survey: HK and SG playing catch-up in fintech
Hong Kong and Singapore financial industry firms see themselves as laggards in fintech innovation, according to a research report by Simmons & Simmons.
HK retail advisor app tests fund distribution waters
Yunfeng Financial Group’s newly-launched Youyu Robo-advisor enables mutual fund investment on a mobile app, and the firm says a lineup of global asset managers are on board.
Robo-advisories face headwinds in China
Robo-advisories will likely take a long time to be accepted in China, according to the CFA Institute.
