Bearish sentiment on emerging markets has created buying opportunities, says Matthews Asia, which may look to launch Asia funds in Hong Kong, the firm's first outside the US.
US fund house Matthews Asia plans to add two more staff in Hong Kong this year as it works to build a distribution network in the region, says CEO Bill Hackett.
The US-based, Asia-focused fund manager obtained a broker-dealer licence in Hong Kong this week and is marketing to private banks in the city and in Singapore.