Hong Kong investors will likely pile more money into balanced funds for the foreseeable future as a way to manage volatility and market uncertainty, predicts the HKIFA's Bruno Lee.
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The firm has introduced a new fee scheme for Hong Kong retail investors that it may export around Asia, with plans to increase provision of funds from external houses.
The first two months of the year saw net buying of Asia ex-Japan strategies ahead of China products amid a return of risk appetite. Asean funds topped the investment return charts.
Net inflows were dominated by fixed-income assets last year. Although inflows should remain healthy, they are unlikely to hit similar heights in 2013, says Lieven Debruyne.
The retail distribution specialist is set to start in the new year as regional head for Asia ex-Japan, tasked with building a business that caters directly to retail investors.
Global asset allocators display stridently mixed views on outlook as retail investors remain on the sidelines. The hope is Bernanke will offer clarity in this month's policy meeting.
Once the domain of private equity, China consumer-focused funds are finding their way into the retail sector.
The scheme accounted for 30% of gross unit trust sales from May to December last year, with over half of FundMax customers buying their first unit trust with HSBC. It's a good sign for the industry, says Bruno Lee.
HSBC’s latest quarterly fund manager survey shows a significant change in investor confidence, with all respondents bullish on equities and none on bonds and cash.
A survey of fund managers by HSBC’s wealth-management group finds more are underweighting equities.
The territory is the first Asian market to receive the multi-manager product, but it may not prove as popular in the region as it has in the UK.