Regulators have approved a scheme to allow funds to be distributed between Hong Kong and Britain. We asked four funds experts what the prospects are for this new arrangement.
Asian funds passporting schemes have struggled to attract interest from fund managers for a variety of reasons, ranging from taxation to fund distribution challenges.
Other topics covered by a survey of delegates at AsianInvestor’s latest COO Forum included outsourcing trends, MiFID II, regional passporting schemes, and alternatives investing.
With the UK planning a hard separation from the European Union in 2019, Asian service providers in London need to start making plans.
Fund executives put the territory well ahead of mainland Chinese cities and Singapore in this regard, despite certain reservations, finds a survey by BBH due for release today.
Industry participants are questioning the motivation behind and benefits of Hong Kong's new agreement with Switzerland on mutual recognition of funds.