Open architecture, an emerging trend in the Mandatory Provident Fund system in which providers put rivals' funds on their platforms, has received another boost. American International Assurance AIA and JF Asset Management, which have a joint venture master trust for MPF members, are introducing three lifestyle funds from Allianz Global Investors, which runs its own MPF master trust business.
This move follows the announcement at the start of the year by Axa China Region that it would provide members with a range of fund choices based on a multi-manager platform run by Australia-based iPac, as well as by informal noises from Fidelity Investments that it plans to allow third-party funds onto...
