Fund houses and banks have set out areas where they want regulators to provide certainty around the China-Hong Kong mutual recognition scheme for funds.
Tag : lieven debruyne
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.
Bond funds dominate as sales are set to top 2007 levels. New HKIFA chairman Lieven Debruyne says it's time the city was able to offer RMB-hedged share classes on a range of products.
They expect banks to continue to dominate the distribution of traditional mutual funds and not ETFs, but admit to concerns over future industry growth.
