The latest offerings in investments, such as funds and structured products, and other notable developments.
Capital Group, the global firm overseeing more than $2.3 trillion in client money, has launched an Asian markets fund.
The new entity is called Capital Group Asian Horizon Fund (LUX), a “high-conviction” portfolio that invests in companies with at least two-thirds of net assets based in Asia ex-Japan, including onshore China A-shares. It also has freedom to invest in companies domiciled outside of the region.
The structure is a Luxembourg-registered UCITS fund. In total, Capital Group has 31 such Luxembourg-domiciled UCITS funds, covering equities, fixed income and multi-asset classes.
Leonteq, the Swiss structured products firm, announced this week it is now issuing products on the BX Swiss stock exchange.
The business said it will additionally add BX Swiss as a listing option on its digital marketplace LynQs.
Leonteq listed its first product on BX Swiss at the end of February 2021 and since then has issued more than 20 products.
The company said it is the leading Swiss issuer of yield enhancement products with a market share of 32 per cent and the number three issuer of total listed structured products with a market share of 9 per cent.
“The acceleration of digital transformation is evident more than ever in the current market environment and we see a clear client need for digital trade execution capabilities. With BX Swiss, we are able to significantly expand our product offering with new listing options while at the same time offering our clients a larger range of investment products that are digitally tradable,” Lukas Ruflin, chief executive at Leonteq, said.
The BX Swiss exchange is focused on Swiss investors and issuers.
It is subject to the Financial Market Infrastructure Act and is
supervised by the Swiss Financial Market Supervisory Authority,