HK-domiciled funds surge as MRF boosts city's appeal

Funds domiciled in Hong Kong have grown by nearly a quarter over the past year as the lure of mutual recognition gives the city’s funds an added advantage over rival financial centres. The data from the city’s securities regulator has highlighted the appeal of distributing funds in mainland China. And the increase contrasts sharply with the performance of Luxembourg and Irish funds, whose fund structure under the Ucits brand is sometimes seen by the industry as an alternative to…