AIA and Capital Group, a US-based investment manager, have linked up to introduce a long-term investment solution in the Hong Kong market.
The partnership between the two firms will create a long-term savings and retirement investment platform, called the New Perspective Fund, which will be available through the AIA Investment Linked Assurance Scheme (ILAS).
This is Capital Group’s first such deal in the Hong Kong market. It partners with various institutions in key markets with agreements that involve product development, sales training, and marketing support. In 2015, it partnered with Samsung Asset Management, jointly introducing the Target Date Funds in Korea in April 2016.
Thomas Quantrille, managing director of Capital Group Asia, said: “We are very pleased to be working with AIA as our first insurance partner in Hong Kong… AIA’s strong brand name, established presence and extensive knowledge in the local market will be vital to our growth in Hong Kong, and eventually in other markets in Asia as we expand our partnership in the future.”
“The New Perspective Fund was launched in Asia from one of our flagship strategies in the US, which has a 44-year stellar track record,” he added.
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