BlackRock building local fund ops in HK

Nov 20, 2012

The US manager is readying a platform for Hong Kong-domiciled funds, say sources. This follows Franklin Templeton's launch of a range of local products, and other firms are said to be eyeing similar moves.

BlackRock, the world’s biggest asset manager, plans to launch a platform of Hong Kong-domiciled funds early next year. The move reflects a rising trend, with Franklin Templeton having launched a QFII product, the first in a new range of local funds this week.

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