The four Hong Kong-domiciled funds selling in the mainland through the Mutual Recognition of Funds scheme drew RMB 1.1bn ($166m) of net sales in July, the highest since the sales started at the beginning of the year, according to the latest data from State Administration of Foreign Exchange.
Tag: Mutual Recognition of Funds
Foreign vs domestic A-share funds, which has done better?
FSA compares the three-year performance of foreign funds investing in A-shares with their mainland counterparts.
MRF northbound sales reach $415m in 1H
Hong Kong mutual funds selling in the mainland under the Mutual Recognition of Funds scheme reached RMB 2.77bn ($415m) in net sales in the first half, 45 times higher than the opposite flows.
Bosera AM plays on China’s onshore yield
Some Chinese companies have a higher stock dividend yield than bond yield, and portfolio manager Guo Jun uses them to enhance his bond fund.
HSBC launches fund into slowing MRF market
HSBC GAM launched a southbound multi-asset fund managed by joint venture HSBC Jintrust, but sales of southbound funds through the MRF have been weakening.
MRF: more of a pop than a blast
Six months into the MRF scheme, one lesson is that northbound funds should focus tightly on distribution strategy to gather assets, industry players said.
Hang Seng PB sees flows into bonds
Fixed income accounts for nearly half of wealth management gross fund sales this year, said Rosita Lee, head of investment products and advisory business.
Sales slowdown for MRF northbound funds
Net cross-border sales of the four Hong Kong funds available to mainland investors saw growth slow in April, but it was still 24 times higher than the southbound flow.
Bosera bets on China’s banking sector
Despite concerns on surging sour debts, Chinese banks stand out for value investors amid low valuations and long-term stable development, said Huang Ruiqing, portfolio manager and director of passive and quant investment at Bosera Asset Management said.
China’s Bosera to launch three MRF products
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on June 1, said head of intermediary business Laurence Lo.
