Wealth Management Connect: Hong Kong’s Market Rally Opens New Opportunities for Fund Managers
Wealth Management Connect: A Gateway to Global Investors
With the growing interest in hkifa and the Wealth Management Connect scheme, Hong Kong fund managers are poised to expand their reach into the Middle East and Southeast Asia. The recent rally in the Hong Kong stock market indicates a renewed investor sentiment, making it an opportune moment for international fund houses.
Market Dynamics and Fund Opportunities
Following a recent market rally, fund managers are keenly exploring potential investments beyond traditional locales. According to Sam Yu Chun-sing of the Hong Kong Investment Funds Association, the time is ripe for capitalizing on Hong Kong’s strategic position between China and global markets.
- Hong Kong market witnessed a remarkable 3% rise after a volatile week.
- High daily turnover of HK$620 billion points to increased market participant engagement.
- Fund houses eyeing licenses for selling products in Gulf markets present exciting growth potential.
Cross-Border Fund Trading Schemes
For Southeast Asia, established cross-border fund trading schemes with Malaysia and Thailand indicate fruitful collaboration opportunities. Fund managers see an increase in retail fund sales as a promising trend.
- Gross sales of retail funds surged 23% year-on-year.
- Net sales jumped 238% in the same timeframe.
Investments from the Greater Bay Area through the Wealth Management Connect scheme are projected to grow, as recent policies have significantly enhanced cross-border capabilities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.