Hang Seng Investment Management Archives

AllianzGI appoints CIO for Asia Pacific

Allianz Global Investors has hired Wilfred Sit as equity CIO for Asia Pacific from Hang Seng Investment Management.

The transition is expected to be completed in the third quarter of 2022.

The HSI ESG Enhanced Select Index ETF is run by Hang Seng Investment Management.

The fund is the first ETF tracking the Hang Seng China New Economy Index listed in Hong Kong.

Hang Seng Investment Management will be listing a feeder ETF in Hong Kong that will invest its assets into the Shenzhen-listed Harvest CSI 300 ETF.

Firms will have to be competitive in terms of how they price their products, according to a Hang Seng IM’s CEO.

Both firms will combine their investment management capabilities to launch a mixed-asset product in Hong Kong.

The firm has co-branded with Ping An to launch the product in Hong Kong.

The three-year fixed maturity product (FMP) will invest in a basket of global bond, according to a statement from the firm.

In total, the firm manages 12 China-focused mutual funds.