News

BBH backs pioneering Japanese fund in Hong Kong

Miyajima_gateBrown Brothers Harriman says it is providing custody and fund administration to the first Hong Kong-domiciled Japanese equity fund managed by a Japanese fund house. The Japan High Dividend Stocks Fund is managed by Daiwa SB Investments, which boasts 5.6 trillion yen ($51 billion) of assets. “The entry of a leading Japanese asset manager into the Hong Kong fund space affirms Hong Kong’s draw as a fund domicile and supports the growth potential of the Mutual Recognition of Funds (MRF) channel,” said Scott McLaren, head of the BBH Hong Kong office. MRF is a scheme to allow eligible Hong Kong-domiciled funds to be sold in mainland China and vice versa. The scheme is seen as an attractive way for international managers to raise assets from onshore Chinese investors. The managing director of Daiwa SB Investments in Hong Kong, Jay Okada, says the Japan High Dividend Stocks Fund represents the firm's entry into Hong Kong's “competitive retail market”. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.