Fund passporting: talking point or revenue generator?

Asia's three fund passport schemes are expected to remain little more than an industry talking point for the remainder of this year as opposed to gaining real traction, say AsianInvestor readers. Cross-border mutual fund recognition between Hong Kong and mainland China was the first of the three to be announced, in January 2013, although the programme has yet to be initiated after being superseded by implementation of the Shanghai-Hong Kong Stock Connect scheme. There is much un…