Wealth managers a bright spot as Hong Kong fund assets fall
The city's assets under management with private banks and wealth managers rose in 2015, but the AUM of fund advisory services and fund managers fell, amid market volatility.
A surge in the fund assets in Hong Kong’s wealth management industry last year was more than offset by a marked contraction in its fund advisory business, causing an overall drop in the territory’s fund AUM for the first time in five years, according to the annual survey* by the city's Securities and Futures Commission (SFC).
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