Foreign firms planning on a Hong Kong-domiciled product for the initiative will likely find limited appeal in China, said Anthony Yeung, managing partner and chief executive of Quantum China Asset Management.
Tag: Hong Kong
The FSA Spy market buzz 24 07 2015
Imminent changes at Bank of Singapore fund selection team, exits from Fidelity Hong Kong and NNIP Singapore, new advert campaigns for Pictet in Hong Kong and UBS in Singapore and more…
HK fund management business hits record $2.2bn
Hong Kong’s combined fund management business rose 10.5% last year to reach a record high of HK$17.68bn ($2.2bn), with a strong contribution from global investors, according to an SFC survey report.
What influences Asian fund sales?
Hong Kong, Singapore and Korea retail investors are most influenced by fund fees in their investment decisions, but Taiwan is different, according to a BNY study.
Ideas for Asian dividend yield
Asian dividend yield remains a strong theme despite the widely- anticipated US rate hike, said King Fuei Lee, fund manager for Asia ex-Japan equities at Schroders.
Hong Kong investors confident on China
Hong Kong retail investors continue to show confidence in local and mainland markets despite the recent correction and volatility, according to a J.P. Morgan Asset Management survey.
HSBC GAM reveals MRF plan
HSBC Global Asset Management will seek regulatory approval to offer its two onshore China funds in Hong Kong under the Mutual Recognition of Funds initiative, which starts today.
Principal Global aims to use MRF
Principal Global Investors intends to distribute funds through the mutual recognition of funds initiative, and is in talks with joint venture partner China Construction Bank about mainland products, said Kirk West, head of international offices and chief executive officer of Asia.
China’s MSCI inclusion to drive Hong Kong market
China’s inclusion on the MSCI emerging market indices is a matter of when, not if, and the resulting capital inflows will have substantial impact on Hong Kong’s market, said Helen Zhu, Blackrock’s head of China equities.
Hong Kong SFC fines Phillips Securities over fund mis-selling
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities $1m for failings in selling a fund to four clients who lost their investment.
