Capital Group expands HK team and fund range
But the US asset management giant has already ruled out using the mutual recognition of funds scheme or setting up a wholly foreign-owned entity in China.
Capital Group, the $1.5 trillion US fund house, has registered nine more products* for retail sale in Hong Kong and added two business development directors in the city.
This comes after the firm announced a distribution agreement with HSBC a few weeks ago and introduced four funds** for Hong Kong retail investors in May.
Capital has already taken the unusual step of ruling out using the Hong Kong-China cross-border mutual recognition scheme for selling its funds to mainland cli…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.