AIA-JF joins MPF multi-manager trend

Open architecture, an emerging trend in the Mandatory Provident Fund system in which providers put rivals' funds on their platforms, has received another boost. American International Assurance (AIA) and JF Asset Management, which have a joint venture master trust for MPF members, are introducing three lifestyle funds from Allianz Global Investors, which runs its own MPF master trust business. This move follows the announcement at the start of the year by Axa China Region that it w…