How To Get Started In Mutual Funds In Hong Kong
Unit Trusts in Hong Kong: Why You Should Invest and How to Get Started Are you interested in investing in mutual funds? It is a great investment option, especially if you plan to invest in Hong Kong. The best way to get started in this investment scheme is to know what it is all about. According to the data provided in HKTDC.com, Hong Kong is widely recognised in Central Asia as the leading centre for fund management. In fact, the end of 2014 showed that the fund management business grew to US$2.27 trillion – a 10.5% increase from 2013. Assets managed by private banks are worth US$397 billion. As of June 2015, there are 2,063 unit trusts in the region. These are all authorised by the SFC or Securities and Futures Commission. But what exactly are mutual funds? Think of it as a company. Also known as unit trusts, this investment scheme gathers a group of people with shared interests who will pool their money together. The fund that will be created will be invested in shares, bonds, and other investment schemes. All the members of the company will own it since all of them
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