Discretionary exchange-traded fund portfolios, commonplace in markets such as the US, are now growing in popularity in this region.
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SSgA gains approval to allow MPF scheme providers to invest in its gold-backed ETF, just as the price of bullion sinks. Also, Invesco launches a CNH bond fund for its MPF platform.
In partnership with Joe Marsh
Asia-Pacific institutional investors give their thoughts on ETF usage in a recent survey by Greenwich Associates and State Street Global Advisors.
The firm says it wants the flexibility of the RQFII scheme to be adopted in order to create a level playing field between Chinese, Hong Kong and foreign ETF operators.
State Street has hired its first Asia head of business development for exchange-traded funds to target fund managers, among others.
Exchange-traded fund assets in Asia have grown 20% in the past three quarters, to the detriment of mutual funds, says State Street.