BlackRock Launches Funds For Hong Kong Market

Tom Burroughes

24 March 2017

BlackRock, the world’s largest listed fund management house, has rolled out equity and bond funds in Hong Kong that track specific indices and which are suitable for forms of retirement portfolio.

The new funds are the BlackRock World Equity Index Fund and the BlackRock World Government Bond Index Fund. They are both approved for inclusion in the Index-Tracking Collective Investment Schemes for investment by Mandatory Provident Fund schemes. MPFs are compulsory pension plans operated by the Hong Kong government.

The new BlackRock funds were specifically designed to be used for the default investment strategy of MPFs. The funds will track the FTSE MPF All-World Index and the Citi MPF World Government Bond Index respectively.

Globally, BlackRock oversaw $5.1 trillion of assets at the end of 2016.