News

Wellington launches HK retail funds

Hong Kong 1US-based fund manager Wellington Management is targetting Hong Kong’s retail investors following the launch of four funds. All four are Ucits funds with one focused on equity and the other three focused on income. They are also modelled on strategies employed by the firm in the US and Europe. According to Wellington, the funds are “integral” to its Asia strategy and are designed to capitalise on the growth of the region’s wealth market. “Our partners are increasingly merging their private banking and consumer banking units globally – and are looking for products that can be offered across their private and mass affluent client base,” said Scott Geary, Wellington’s senior managing director and head of client group for Asia Pacific.  © 2022 funds global asia

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