With artificial intelligence poised to become a driving force for the investment management industry, human fund managers are on notice, some industry players believe.
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
As Hong Kong's securities regulator softens its stance on leveraged funds, Citi's Stewart Aldcroft dismisses concerns that they are unsuitable for local retail investors.
The overseas arm of China Asset Management is listing its first leveraged and inverse ETFs in Hong Kong, which will track the Nasdaq 100. It has partnered with US fund house Direxion.
The mainland securities regulator has given approval for asset managers to manufacture funds of funds, and some firms have been working towards this in recent months.
Veteran bond hedge fund manager Yang Aibin has set up only China's second individual-owned mutual fund firm. It will seek institutional clients for its fixed income strategies.