BOCI-Pru launches mutual fund effort in Hong Kong

MPF put the asset management JV on the map. Next stop...China?

All eyes in the investment management community are on accessing the China market, and one of the more interesting players to watch is newcomer BOCI-Prudential Asset Management, which has just launched its first retail mutual fund in Hong Kong.

The JV opened its doors in January 2000 and quickly made a splash as one of the top-five winners in the Mandatory Provident Fund scheme business when MPF launched 12 months later in terms of gaining customers. It also had a pensions business for ORSO Occupational Retirement Schemes Ordinance plans, and now has $1.2 billion under management, says Lionel Kwok, CIO.

The JV is 64%-owned by Bank of China International, the investment banking division...

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