- UCITS Funds Authorised in Hong Kong
NEW YORK and HONG KONG, April 15, 2014 /PRNewswire/ -- Neuberger Berman Asia Limited, a unit of Neuberger Berman Group LLC, one of the world's leading employee-controlled investment managers, is pleased to announce the expansion of its UCITS fund platform in Asia with authorization of 11 of its funds in Hong Kong.
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The Hong Kong Securities and Futures Commission has authorised the following 11 funds for sale to the retail market in Hong Kong: Neuberger Berman High Yield Bond Fund; Neuberger Berman US Large Cap Growth Fund; Neuberger Berman US Multi-Cap Opportunities Fund; Neuberger Berman Global Disciplined Growth Fund; Neuberger Berman US Real Estate Securities Fund; Neuberger Berman China Equity Fund; Neuberger Berman Global Equity Income Fund; Neuberger Berman Emerging Markets Equity Fund; Neuberger Berman US Small Cap Fund; Neuberger Berman Short Duration High Yield Bond Fund; and Neuberger Berman Global Bond Fund.
Neuberger Berman currently manages over $21 billion in assets for institutional and individual clients across its Ireland-based Neuberger Berman Investment Funds plc UCITS range, including over $1.5 billion raised from Taiwan.
"We are thrilled to receive approvals of our UCITS funds, allowing us to make available some of our most popular funds to retail investors in Hong Kong," said Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman. "As our firm grows to meet the needs of an increasingly global customer base, it is critical that we are able to offer investment strategies to satisfy that demand."
"Neuberger Berman's investment solutions are based on our firm's 75-year-old culture and built on a foundation of active management and deep research," said Joseph Amato, president and chief investment officer of Neuberger Berman. "We are delighted to bring many of our most distinctive UCITS funds to investors in Asia. These funds reflect our best and highest conviction ideas and our portfolio managers' experience and expertise."
