The Hong Kong Monetary Authority, on behalf of a group of the Asia-Pacific's central banks, has mandated State Street Global Advisors to manage the pan-Asian US dollar-denominated half of the $2 billion Asian Bond Fund-2. Now SSgA is preparing to expand the passive investment to private investors, including Asian retail and global institutional players.
The avenue to attracting retail investment from Hong Kong and Singapore investors will be via exchange-traded funds it plans to have authorized in those jurisdictions, says Vincent Duhamel, regional CEO at SSgA in Hong Kong. The fund will be listed on the Hong Kong Stock Exchange and SSgA hopes to have ETFs in the market this...
