Hong Kong extending reach as funds domicile
A recent example of this was the September approval of only the second HK-domiciled ETF for sale to Chilean pensions. Sean Tuffy of Brown Brothers Harriman expects this momentum to build.
Hong Kong is expanding its influence as a funds hub, noted market observers, with one example the recent approval of an HK-domiciled product for sale to pension schemes in Chile.
The ChinaAMC CSI 300 Index exchange-traded fund was reportedly approved by the Chilean regulator in September, only the second HK-domiciled vehicle to get the green light there, after the Shares FTSE A50 China Index ETF in 2012.
“This shows the scope of Hong Kong’s ambition to become not just a regional…
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