SFC - Securities and Futures Commission Archives - Page 6 of 19

Manulife IM launches income fund in Hong Kong

Low interest rates and market volatility have encouraged asset managers to launch income funds in the region.

Investment grade bonds can be utilised as a defensive asset and they have a better yield than money market funds, according to the firm.

The firm believes mobile game growth will accelerate, driven by Asia.

Unlicensed dealing in futures contracts and asset management resulted in a court conviction.

The high conviction portfolio is another entry into the growing group of ESG funds.

The US-based firm has prepared four SFC-approved products for launch.

Hong Kong-based Convoy AM was fined by the regulator for lacking proper due diligence and documentation procedures, the SFC said.

Previous unlicensed individuals in Hong Kong were also convicted, but were slapped with fines.

The firm is betting that the fiscal stimulus provided by central banks will support investment grade corporate bonds.

As other firms warn on impending defaults, the Asian high yield fund gets approval for retail sale.