Kenny Choy

MPF Ratings continues to assess the performance of the MPF Funds, highlighting the best performers and providing valuable insights for MPF members! According to the latest data, the 2024 Gold Rated scheme - AIA MPF has multiple funds that have excelled across various investment horizons, securing top positions in their respective categories: ．NO. 1 in 3 Year, 5 Year & 10 Year Return: Equity Fund (Asia) category - AIA Asian Equity Fund ．NO. 1 in Year-to-Date, 1 Year, 3 Year & 5 Year Return: Equity Fund (Global) Index Tracking sub-category - AIA World Fund ．NO. 1 in 5 Year Return: Equity Fund (HK & China) category - AIA Greater China Equity Fund ．NO. 1 in 3 Year Return: Equity Fund (US) category - AIA North American Equity Fund ．NO. 1 in 10 Year Return: Mixed Asset Fund (81-100% Equity) category - AIA Growth Portfolio ．NO. 1 in Year-to-Date & 1 Year Return: ESG Fund category - AIA Green Fund Stay tuned for more insights on MPF fund performance! Note: The data presented is based on MPF Ratings statistics as of August 31, 2024 #mpfratings #MPFScorecard #MPFHealthCheck #MPFFastMover #MPFRConsistentPerformers #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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MPF Ratings released Q1 2024 MPF Asset Class Fund Flow Summary by highlighting that US equities received over $9bn of MPF’s net inflows in Q1 2024, by far the largest quarterly MPF net inflows into US equities ever recorded, and a concerning trend which Mr Chung attributes to a confluence of new fund launches, disappointing local equity results and MPF members trying to capitalize on the strong momentum of the US market. Find out more here: https://lnkd.in/eRJmq4ne #mpfratings #MPFRIntelligence #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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HKEX to Digitalise ETP Servicing Capabilities with Online Platform Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and regulatory approval. This platform will be integrated into the ETP creation and redemption process, connecting key ETP participants with the use of Distributed Ledger Technology (DLT) and smart contracts, and will help increase overall ETP market efficiency, supporting the continued growth of secondary market activity for ETPs. This latest enhancement is part of the Group's ongoing commitment to further elevate the attractiveness and competitiveness of its international ETP ecosystem, replacing several manual, paper-based processes currently present with a goal to simplify the creation and redemption procedures of ETPs and boost market activity. #ETF #StockConnect #HKEX #HongKong #ETP

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According to MPF Ratings' latest MPFR Index, the top 10 MPF fund categories showed remarkable performance in July, with returns of between 1.34 per cent and 4.15 per cent. The significant threefold difference in these returns underlines the diversity of performance across the MPF landscape. In particular, returns for US equity funds fell from 4.72% in May to 3.01% in June and further to 1.43% in July, but remained positive throughout the period. See the details of MPF Ratings' MPFR Index returns by asset class here: https://lnkd.in/g5RNs35e #mpfratings  #MPFScorecard  #MPFHealthCheck  #MPFFastMover  #MPFRConsistentPerformers  #MarketInsights  #MPFMarketShare  #MPFFundFlows  #MPFNetReturns  #MPFIndustry #pensionschemes  #assetmanagement  #investmentmanagement  #mpf  #investment  #empf

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【#MPFANews Transforming MPF for a Bright Future】 #MPFA Executive Director (Policy) Mr Eric Cheng spoke at an #MPF forum on 28 November, sharing the most recent advancements in the MPF System and key initiatives undertaken by the MPFA to enhance the accumulation of retirement savings for the working population.   Mr Cheng highlighted that according to World Bank's outcome-based assessment framework for private pensions, MPF is doing well in terms of coverage, sustainability and security, and is making good progress in improving efficiency and adequacy. The MPFA is committed to improving the MPF System through various reform initiatives including ongoing efforts to implement #eMPF, drive reduction of fees, optimize investment regulations to facilitate diversification and enhance risk-adjusted return potential, review minimum and maximum relevant income levels for MPF contributions and encourage voluntary contributions. These initiatives aim to enhance retirement protection for the workforce.   #MPFANews #MPFA #MPF #eMPF

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【𝗦𝘂𝗻 𝗛𝘂𝗻𝗴 𝗞𝗮𝗶 & 𝗖𝗼. 𝗖𝗼𝗺𝗺𝗶𝘁𝘀 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗼 𝘁𝗵𝗲 𝗝𝗮𝗽𝗮𝗻 𝗔𝗹𝗽𝗵𝗮 𝗙𝘂𝗻𝗱 𝗡𝗲𝘄𝗹𝘆 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝗯𝘆 𝗔𝗰𝘁𝘂𝘀𝗥𝗮𝘆𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 】 Sun Hung Kai & Co. Limited (“SHK & Co.”) and its licensed funds management arm, Sun Hung Kai Capital Partners Limited (“SHK Capital Partners”), are pleased to announce their commitment to the 𝗔𝗰𝘁𝘂𝘀𝗥𝗮𝘆𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝗝𝗮𝗽𝗮𝗻 𝗔𝗹𝗽𝗵𝗮 𝗙𝘂𝗻𝗱, which went live on 26 September 2024. This is in addition to SHK & Co.’s ongoing investments in ActusRayPartners’ Asian and European strategies. Other existing clients of ActusRayPartners have also expressed early interest in the Japan strategy. The equity long/short near market-neutral strategy seeks to generate alpha by identifying and capturing inefficiencies in the Japan equity market. ActusRayPartners employs its 𝘋𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯𝘢𝘳𝘺 𝘗𝘳𝘰𝘣𝘢𝘣𝘪𝘭𝘪𝘴𝘵𝘪𝘤 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 process, which combines a quantitative base with discretionary adjustments to address quantitative deficiencies. This marks the third alpha strategy launched by ActusRayPartners, following the successful European strategy initiated in 2020 and Asian strategy launched in 2022. The European strategy received the HFM European Performance Award in 2023 and 2024 respectively, and the Asian strategy received the HFM APAC Performance Award in 2024. ActusRayPartners is a Hong Kong-headquartered asset management company equally co-founded by Andrew Alexander, Raymond Chan, and Patrick Cheung in 2019. Several members of the team previously worked together in the Quantitative Hedge Funds division of Macquarie Group. As of today, ActusRayPartners comprises of 27 colleagues based in Hong Kong and Sydney, managing over US$700 million across Asia, Europe, and Japan. Tony Edwards, Deputy CEO of SHK & Co., stated, "Congratulations to ActusRayPartners on the launch of their new fund. Since 2020, SHK & Co. has seeded and supported ActusRayPartners, and this further commitment reinforces our confidence in their capabilities and aligns with our investment objectives." “The launch of the Japan Alpha strategy represents an exciting milestone for us. We would like to express our gratitude to SHK & Co. for their continued support over the years,” said the co-founders of ActusRayPartners Limited. “We are eager to employ our proprietary 𝘋𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯𝘢𝘳𝘺 𝘗𝘳𝘰𝘣𝘢𝘣𝘪𝘭𝘪𝘴𝘵𝘪𝘤 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 process in the pursuit of alpha for our investors in the Japan equity market.” Press release: https://lnkd.in/gDZH_crG #ActusRayPartners #JapanAlphaFund #NewLaunch #CommitCapital #FundPartnership

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<<Midea's HK Listing at Risk as Chabaidao IPO Debut Raises Doubt>> A Hong Kong listing for Midea, the world's largest home-appliance maker by market cap, may face heightened risk as investor sentiment is weak with the city's stock market struggling, evident in the steep fall of Chabaidao's shares on their debut. Midea may have to reevaluate the timeline for its Hong Kong listing despite its solid fundamentals and promising earnings prospects. Please click on the following link for the full note by Ada Li and Joyce Ho, Bloomberg Intelligence: https://lnkd.in/gvWFJDrm #HongKongIPO #Chinaconsumer

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The 2024 Hong Kong Policy Address highlights #tokenisation of Real-World Assets (#RWA) as a key initiative to bridge digital assets with traditional finance. Programs like HKMA's "Ensemble" sandbox, mBridge, and e-HKD are driving this effort forward. 🚀 Eugene Cheung, Chief Institutional Business Officer at OSL, emphasized that Hong Kong’s robust financial ecosystem, mature risk controls, and vast user base provide a solid foundation for RWA’s rapid on-chain deployment and secure trading. OSL is proud to be at the forefront, integrating compliant digital asset services with traditional finance partners to bring these groundbreaking initiatives to life. 💡 #OSL #DigitalAssets #RWA #Tokenization #HongKong #FinancialIntegration #Innovation #Blockchain #TradFi #FutureOfFinance

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Veiverne Yuen (Partner) was part of a panel on DealStreetAsia PE-VC Summit with the topic "Asian family offices recalibrating investment strategies amid global headwinds", alongside Zann Kwan, 关旨斌, CFA (Revo Digital Family Office), Rebekah Woo, CFA, CAIA(Farro Capital), Wen Tan (Nelson Capital) and Sean Low (刘轩昂）(Golden Vision Capital (Singapore) Pte Ltd). While everyone is affected by the macro-environment, there are some nuances for Asian family offices. Asian families are likely in their first or second generation, with a substantial portion of their wealth locked up in the operating business. There is a need to diversify against these holdings, whilst not having sufficient investable AUM to justify a family office set-up with a competent team. At Blauwpark Partners, we are a “single-family office for multiple families”, with deep investment knowledge and experiences in private markets. Families can leverage our platform and resources for their family office set-up. #familyoffice, #UHNW, #strategicassetallocation

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“Retirement investment reimagined” – our latest retirement research reveals a heightened sense of urgency among non-retired Hongkongers to save for healthcare needs during their retirement, compared to the pre-Covid era, alongside considerations related to inflation and the economic environment in retirement financial planning. Watch the video featuring Lesley-Ann Morgan, Global Head of Pensions and Retirement, to learn more. In the second episode, Lesley-Ann discusses potential solutions to enhance financial preparedness for retirement. https://okt.to/90Kwr7 #Investment #Retirement #Pension

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H&P Financial Services Weekly - Hong Kong’s Hang Seng is the Number One Super market of the week, up > 30%, driven by lower rates and new liquidity. We look at intraday volatility in Q3, which was up on Q2, with that major August spike, which should have helped the leveraged trading platforms PLUS, IGG and CMCX. Rising markets will have added some c. 3% to UK wealth management assets last quarter. Brooks Macdonald estimates are still woefully out of date, in our opinion. Premier Miton reveals more of their MPS plans. Man Group presents an entry point, with AHL underperforming for a while. Tavistock flies on a major disposal which will nonetheless benefit acquirer Saltus. Frenkel Topping would not be at this valuation if it had any liquidity. https://lnkd.in/eDVaAAV5

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At iFAST Global Markets HK, we recognize that retirement is a journey everyone will eventually face, regardless of age. This understanding drives our commitment to retirement planning. During our recent seminar, Kei Chow, General Manager of iFAST Global Markets HK, highlighted the importance of offering a diverse range of options for our clients. He emphasized that while the market is filled with choices, there is no single "best" product. Instead, iFAST’s approach is to present various solutions, each accompanied by detailed explanations, empowering clients to select what best fits their unique needs. This client-centric philosophy has always been the hallmark of iFAST. Check out our previous post featuring the seminar highlights: https://lnkd.in/g92T6igC #iFAST #iFASTGlobalMarkets #RetirementPlanning #WealthManagement #ClientCentric

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#HKIFA is delighted to host a webinar on Nov 26 re Securities and Futures Commission (SFC)’s recent circular on deficiencies in managing private funds and discretionary accounts. It was well attended with over 120 participants. Anthony Wong and Kelvin Fung, representatives from SFC’s Intermediaries Supervision representatives department, shared the key takeaways of the circular, while Winnie Cheung, Vice-chairman of HKIFA’s Regulatory Subcommittee, presented the industry practices on handling conflicts of interest and information disclosure to investors. The speakers emphasized the importance of governance, robust policies and measures to comply with regulatory requirements – a good reminder for all asset managers to review the existing arrangements and controls. Stay tuned for more regulatory updates from HKIFA. #HKIFA #AssetManagement #Compliance #SFC #Regulatory

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We had a good session with our unitholders attending our AGM. FY2023 is characterized by sticky inflation leading to unpredecented and record interest rates rises. Management & Board provided insights to unitholders: ✅ The rationale for undertaking the key initiatives we undertook Early amidst rising interest rates environment to Reinforce our balance sheet, Recycle our Capital and Rejuvenate our Assets. ✅ While #ELOG enter 2024 with a robust and stronger balance sheet with no refinancing and high fixed rate hedges, the key risks of (a) Inflation (b) “Higher-for-Longer” Interest Rates (c) Impact of Higher Discount and Capitalization Rates on Valuation & Gearing and (d) Business Confidence remains. ✅ Our views and strategies on how we intend to manage these risks while continuing to leverage on good opportunities to improve our portfolio quality, DPU and NAV. Unitholders not only asked questions on our strategies, they gave feedback & valuable suggestions —> We believe that’s how AGMs should be. There was good decorum and mutual respect for one another. We thank Unitholders who gave Management & Board compliments as it means a lot to us. As per our tradition, we ended the AGM with a sit down lunch with our unitholders and we thank our Board of Directors staying back and interacting with our Unitholders. #ESR #ESRLOGOSREIT #AGM

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Leveraging on our strong Chinese parentage, we are establishing ourselves as the China-ASEAN nexus, providing investors unparalleled access to opportunities in both regions. Read more in this exclusive interview with GCEO Carol Fong on The Digital Banker : https://lnkd.in/gVDefT44

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