1) Which HK funds gathered the most assets in 2017? (31 Jan 2018)
JP Morgan handily beat all rivals in gathering new assets in its Hong Kong-domiciled bond and mixed asset funds, as investors retreated from pure equity products, Morningstar data shows.
2) China’s mutual fund industry in two charts (8 Feb 2018)
The domination of China’s domestic mutual fund market by money market funds becomes apparent from looking at two charts.
3) China’s QDII programme makes a comeback (26 Apr 2018)
China has relaxed its outbound investment schemes with the revival of the qualified domestic institutional investor (QDII) programme and the expansion of two other outbound programmes, according to records from China’s State Administration of Foreign Exchange (SAFE).
4) Foreign managers expand in Taiwan (18 Jan 2018)
Foreign fund managers set up in Taiwan are growing their presence, with a number of firms seeing more demand for their locally-domiciled funds.
5) China’s Noah opens WM office in Canada (1 Mar 2018)
Shanghai-based Noah Wealth Management has established a branch in Vancouver, Canada, to target the overseas Chinese investor base.
6) Global heavyweights quietly setting up in China (1 Feb 2018)
Seven of the world’s ten biggest asset managers have entered mainland China so far, by setting up an investment management wholly foreign owned enterprise (IM WFOE).
7) How did China’s AM joint ventures do in 2017? (13 Feb 2018)
Foreign asset management joint ventures in China did not escape the industry-wide outflow of capital from actively-managed mutual funds in 2017.
8) Number of China CFA candidates surges (25 Jan 2018)
The number of candidates taking the Chartered Financial Analyst (CFA) Level I exam in December in China increased by 38% compared to the year before, the CFA Institute said.
9) Investment limits tightened on $233bn Yuebao (2 Feb 2018)
Tianhong Asset Management has placed a temporary daily cap on investments in Yuebao, the the world’s largest money market fund, in order to stem the influx of money during the Chinese New Year period.
10) Hong Kong’s total AUM soars 30% in 2017 (26 Feb 2018)
Bond, equity and mixed asset funds registered for sale in Hong Kong were up in double-digit percentages in 2017, capping a buoyant year for the SAR’s mutual fund industry, according to the December 2017 quarterly report from the Securities and Futures Commission.
11) Global managers in onshore China fund push (7 Jun 2018)
Foreign managers in China are moving forward as Blackrock, Schroders and Man Group launch onshore fund products targeting domestic qualified investors.
12) Blackrock delists China A-shares ETF (13 Feb 2018)
Blackrock is delisting one of its China A-share-focused ETFs from the Hong Kong Exchange because the firm believes the purpose of the underlying index “no longer exists”.
13) UBS Wealth strengthens Greater China team (3 May 2018)
UBS Wealth Management has bolstered its Greater China coverage with three new appointments that will cover Chinese ultra high net worth (UHNW) investors.
14) UBS Wealth hires Hang Seng staff for HK team (10 May 2018)
UBS Wealth Management has hired private banking staff from Hang Seng Private Bank to expand coverage of the Hong Kong high net worth segment.
15) Which HK funds gathered assets in Q1? (26 Apr 2018)
JP Morgan and Schroders were the top two asset gatherers in Hong Kong-domiciled active mutual funds in the first quarter of 2018.
16) China fund distribution remains rough (16 Aug 2018)
Global asset managers are setting up in China, but lack of an onshore track record and brand recognition are among the challenges they face with onshore distribution, according to Aberdeen Standard and Fullerton.
17) Foreign managers continue to move into China (13 Aug 2018)
Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.
18) Neuberger Berman launches onshore China fund (29 Mar 2018)
Neuberger Berman has joined the growing number of global fund managers who have launched an onshore private fund via a wholly foreign-owned enterprise (IM WFOE) in Shanghai.
19) Brand is key to China distribution, says BNPP AM (12 Apr 2018)
The brand recognition foreign asset management firms enjoy globally may have little impact on China’s domestic investors, who are most familiar with local asset management firms, said Mandy Lui, head of wholesale distribution for China, Hong Kong, and Singapore at BNP Paribas Asset Management.
20) Value Partners maps out aggressive product push (12 Sep 2018)
Plans include product launches in China and in Hong Kong and ETFs outside Asia, according to King Au, Value Partners’ Hong Kong-based CEO.