Asset managers in Hong Kong could have a greater incentive to launch lower-cost passive solutions following the rollout of the digital platform for the local pensions sector. The new platform looks to address long-standing criticisms of the territory’s retirement system by bringing down its notoriously high fees, which could help to improve investment returns.
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ETFs set to be high on the menu for Hong Kong pension funds
“Lower fees is a key consideration, fund choices too, so MPF scheme sponsors will need to be creative in balancing low fees and new product ideas,” said Francis Chung, chair of MPF Ratings.
