BlackRock announces launch of HK funds platform
The world's largest asset manager starts with three index equity funds targeting institutional and retail investors in the city, but plans to extend that to active and diversified products in future.
US asset manager BlackRock announced yesterday that it has launched a new platform of Hong Kong-domiciled funds.
It is rolling out three of its so-called BlackRock Premier Funds to begin with, all of which are passive and will track the FTSE MPF index series. Thereafter it will look to house a variety of funds on its platform, both active and passive and focused on equities, fixed income and commodities.
BlackRock launched its Hong Kong Equity Index Fund yesterday, while its Chi…
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