JP Morgan Asset Management is to introduce a renminbi hedged share class for its ASEAN Fund.

JP Morgan Asset Management is to introduce a renminbi hedged share class for its ASEAN Fund.
Pimco has named its executive committee member Eric Mogelof as the new head of Asia Pacific.
HSBC Global Asset Management has launched a fixed income fund in Hong Kong under the Renminbi Qualified Foreign Institutional Investor scheme.
Fund selectors in Hong Kong are betting on investments in multi-asset classes to boost returns in the current low yield environment.
AXA Investment Managers has hired Lion Global Investors’ chief investment officer Simon Flood as the head of Asia Pacific replacing Jean-Pierre Leoni.
Neuberger Berman has poached Standard Life Investments’ Anton Kwang as a senior portfolio manager for the Asia Pacific region.
Hong Kong’s fund management business continued with its uptrend in 2013 with the combined assets at the end of the last year rising by nearly 27% over that of 2012.
JP Morgan Asset Management has added a share class hedged to the renminbi in the Asian Total Return Bond Fund.
Equity funds in Hong Kong continued to attract net inflows during the first four months of the year, with investors showing a preference for funds focussing on developed markets.
The Hong Kong Government has proposed introducing a ‘core fund’ option for investors in the Mandatory Provident Fund, in a bid to combat high costs and help those less able to select funds.
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