Fortis launches Asia fund business

Belgians are known for frites, beer and mussels. Perhaps we should add fund management to the list.

Fortis Investment Management yesterday launched its first onshore mutual fund business in Asia, offering a Luxembourg-listed umbrella fund to Hong Kong retail investors, and has planted the seeds for courting Asian institutional investors. Stewart Edgar, a Scottish export to Brussels, where he serves as managing director of Fortis Investment Management, swung through Hong Kong to celebrate the launch. He says Fortis shall no longer only manage Asian securities from Europe, but cultivate local business across the region.

First is the retail business in Hong Kong. Through Fortis Bank and affiliates Banque Generale de Luxumbourg and private bank MeesPierson, Fortis is offering 15 funds from its open-ended umbrella fund, called Fortis L Fund. 11...

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