All eyes in the investment management community are on accessing the China market, and one of the more interesting players to watch is newcomer BOCI-Prudential Asset Management, which has just launched its first retail mutual fund in Hong Kong.
The JV opened its doors in January 2000 and quickly made a splash as one of the top-five winners in the Mandatory Provident Fund scheme business when MPF launched 12 months later in terms of gaining customers. It also had a pensions business for ORSO Occupational Retirement Schemes Ordinance plans, and now has $1.2 billion under management, says Lionel Kwok, CIO.
The JV is 64%-owned by Bank of China International, the investment banking division...
