HSBC Institutional Trust Services (Ireland) will act as custodian for Arisaig Global Emerging Markets Consumer UCITS Fund, the first Irish UCITS fund to invest in the Shanghai-Hong Kong Stock Connect scheme.
The mandate comes one week after The Central Bank of Ireland approved Ireland’s fund managers to invest in Stock Connect for its UCITS clients.
“We understand that this is the first Irish UCITS fund to be authorised to invest via Stock Connect. HSBC has a long tradition of engagement and connectivity in Asian markets and is exceptionally well placed to enable Irish regulated funds to access this programme,” says Ciara Houlihan, managing director, HSBC Institutional Trust Services (Ireland).
“This is a very welcome development for our business and we are delighted to have been able to assist our clients in accessing China-A shares via this mechanism,” adds Florence Lee, head of China sales and business development, EMEA – securities services at HSBC.
On Thursday, HSBC China became the first custodian to service a Canadian RFQII scheme.
HSBC Appointed Custodian for First Irish UCITS for Stock Connect
HSBC Institutional Trust Services (Ireland) will act as custodian for Arisaig Global Emerging Markets Consumer UCITS Fund, the first Irish UCITS fund to invest in the Shanghai-Hong Kong Stock Connect scheme.
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