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.
China AMC ranked top in 2015 by outright profit, and Aegon-Industrial Fund by profit yield, but industry profitability is set to fall amid stricter rules and market volatility, according to new research.
Z-Ben Advisors says Chinese trust firms and brokerages' asset management arms – which have $3.4 trillion in AUM – should now be counted as mainland fund houses.
Five new mutual funds worth a total of Rmb200 billion are believed to have been funded by the Chinese government to support the equity market after weeks of wild A-share price swings.
Funds investing in Hong Kong stocks are being forced to suspend new subscriptions as they face a shortage of QDII quotas. The surge in Chinese flows was sparked by a liberalisation of investment rules last month.
China Asset Management is among five fund firms banned from launching products for up to six months as the securities regulator adopts a zero-tolerance approach to illegal activity.
Rule changes have led to a rising number of mutual fund managers leaving to set up private vehicles and asset management bosses switching to new investment units set up by brokers or insurers.