Enhanced Investment Products has quietly closed seven of its nine Hong Kong-listed ETFs as it prepares for the official launch of its new XIE Shares FTSE Gold Miners ETF in Hong Kong on November 18.
Gold, commodities and Latin American equities have been the best performing ETFs this year and worst performers have been linked to UK markets, according to FE data.
A downgrade for a Franklin fund, coverage initiated on HSBC, Invesco and JP Morgan products and neutral ratings for funds from Schroders and Fidelity.
FSA compares two liquid alts products, the JPM Global Macro Opportunities Fund and Invesco's Global Targeted Returns.
The firm has launched the Strategic Funds Asia-Pacific Absolute Return Fund, which aims to exploit the region’s “under-appreciated areas of strength”.
Mainly due to management team issues, products from Aberdeen and Parvest get downgraded and a Fidelity fund is placed under review.
Known as an emerging markets specialist, the firm has been diversifying into alternatives and intends to make a push for alts and multi-asset in Asia, said Andrew McCaffery, global head of alternatives and group head of solutions.
Total fund flows in Asia were down almost 80% compared to the first half in 2015, according to data from Strategic Insight.