A private fund manager will be selected to manage 20% of the fund, which will prioritise investment in carbon net zero initiatives and local New Deal sectors.
January 6, 2022From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.
October 11, 2021In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.
August 22, 2021Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.
August 5, 2021In an addendum, State Street says TraHK units will not be offered or sold in the US or to US persons located outside the US.
August 2, 2021Fund Managers Otago incorrectly calculated and disclosed returns in fund updates and entered into prohibited related party transactions, among other breaches.
July 11, 2021The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.
June 8, 2021Officials reportedly commissioned an independent study to review State Street's role in managing Hong Kong's Tracker Fund.
May 26, 2021A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.
May 18, 2021The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.
April 10, 2021