Active funds can still compete in new MPF core structure
In spite of the fee cap, Allianz GI's Elvin Yu believes his firm can add value to the core MPF structure and maintain a viable business
Non-passive and more costly funds can still compete in Hong Kong’s occupational pension scheme, despite an upcoming launch for low-cost default products, says a local fund provider.
The introduction of low cost funds next year, whose fees will be capped at 0.75%, seems to naturally favour index-tracking funds.
But Allianz Global Investors (AGI), an active manager and a player in the city's mandatory provident fund (MPF) market, believes it can maintain a viable market share.
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