An estimated 110 funds in Hong Kong are eligible, and in China, 1157 funds are allowed to participate in the new Connect, officially termed Mainland Hong Kong Mutual Recognition of Funds.I expect brand names and discounted shares will be the most likely to benefit.
It is unlikely this mutual fund Connect will have a broad-based impact on market liquidity. Just like the stock connect, the initial flow is likely limited. Mutual funds need time to set up their distribution and marketing channels, and retail investors also need time to get educated on the new products, noted Goldman Sachs.
Amusing Ourselves To Death
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Give them bread and circuses and they will never revolt – Juvenal, Roman
poet The decline of Rome was the natural and inevitable effect of
immoderate great...
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