Global fund groups are first movers in mutual recognition
Both JPMAM and Invesco will be relying on bank distribution to market their MRF funds to local investors, while HSBC GAM can call on its extensive branch network
JP Morgan Asset Management, Invesco Hong Kong and HSBC Global Asset Management are the first three fund houses to have announced plans to participate in the Hong Kong-China Mutual Recognition Fund (MRF) scheme, which kicked off on July 1 when Hong Kong and China regulators started accepting fund applications under the program.
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