Value Partners and Ping An form ETF joint venture

Aug 12, 2009

The partnership involves Ping An buying a 50% stake in Value Partners' Sensible Asset Management Hong Kong.

Value Partners Group and Ping An Insurance have formed a joint-venture to launch exchange-traded funds (ETF) in Hong Kong. The deal involves Ping An acquiring a 50% stake in one of Value Partners Group's subsidiaries, Sensible Asset Management Hong Kong (SAMHK), at around HK$23.25 million ($2.9 million).

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