Tianhong outlines plans, Yu’ebao challenges
The Chinese manager is readying an equity fund, but does not plan to bring its Yu’ebao money-market product to Hong Kong. Its vice-general president also spoke about online distribution challenges.
China’s biggest fund house is readying an equity fund for launch on its Taobao online store this year, but it has no current plans to bring Yu’ebao, its hugely successful money-market (MM) product to Hong Kong, despite media reports saying it has.
Zhou Xiaoming, vice general president at Tianhong Asset Management, outlined the firm’s plans this week at the annual conference of the Hong Kong Investment Funds Association. He flagged challenges related to Yu’ebao, MM products and int…
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