BlackRock, Fidelity tout new multi-asset funds

With appetite soaring for multi-asset strategies in Hong Kong, two of the biggest US fund houses each unveiled global multi-asset income products for the city's investors this week. Fidelity’s offering went live in Hong Kong's retail market yesterday, while BlackRock’s fund, which launched in February, became available to local investors earlier this week. Fidelity’s Luxembourg-domiciled fund, already being distributed in Singapore, gives investors exposure to a mix of assets, i…