Northbound funds under the Mutual Recognition of Funds (MRF) recorded weak sales performance in October, falling from a 13-month peak, according to data from the State Administration of Foreign Exchange.
Tag: MRF
HEAD-TO-HEAD: HSBC Jintrust vs Invesco Great Wall
FSA compares two MRF-approved China mixed-assets funds: the HSBC Jintrust Dynamic Strategy Fund and the Invesco Great Wall Core Competence Mixed Securities Fund.
BEA Union joins growing IM WFOE club
BEA Union Investment was granted a license from Chinese authorities to establish an investment management wholly foreign-owned enterprise (WFOE) in Qianhai.
Northbound MRF funds record highest inflow in 13 months
Northbound funds under the Mutual Recognition of Funds (MRF) set another record for net inflows in September, according to data from the State Administration of Foreign Exchange.
Northbound MRF fund inflows hit record $1.6bn
Total net inflows for Hong Kong-domiciled funds available for sale in China through the MRF have surpassed the RMB 10.69bn ($1.62bn) mark for the first time since the scheme began at the end of 2015.
Record inflows for China-domiciled MRF funds
In July, China-domiciled funds available for sale in Hong Kong through the MRF had the highest net inflows since the scheme began at the end of 2015.
China’s Yinhua Fund Management joins MRF scheme
Yinhua Fund Management, an independent mainland asset manager set up in Hong Kong, received approval from Hong Kong’s Securities and Futures Commission to sell a fixed income product in the SAR through the Mutual Recognition of Funds (MRF) scheme, according to the SFC.
The problem with Asian fund passport schemes
Regulatory and tax squabbles and the desire to deepen domestic fund industries are among the high hurdles for passporting programmes, according to Daniel Caleghin, head of wealth management strategy for Asia-Pacific at Deloitte subsidiary Casey Quirk.
Survey: HK top regional fund hub by 2025
A majority of asset managers believe that Hong Kong will be the leading Asian cross-border fund domicile by 2025, far ahead of its rival Singapore, according to a survey conducted by Brown Brothers Harriman.
HK links with Shenzhen, inks Switzerland MRF pact
HK launched the Shenzhen connect today and the SFC signed an agreement for an MRF link with Switzerland, as the SAR aims for more than just being a distribution hub, according to Jeremy Lam, a Hong Kong-based partner and the head of Deacon’s financial services practice.
