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RETAIL FUNDS | Staff Reporter, Hong Kong

Vanguard enters Hong Kong retail market

It'll list its first locally domiciled product in HK.

According to a release, Vanguard launched its intermediary business in Hong Kong to expand access to its products to investors throughout Asia.

Vanguard will soon announce the listing of its first locally domiciled product offering in Hong Kong. Since launching the first index fund for individual investors in the United States in 1976, Vanguard has led the industry with its low-cost, broadly diversified and long-term investment approach.

Vanguard later extended its indexing expertise to ETFs, giving investors other low-cost investment choices and greater trading flexibility. Vanguard manages USD 2.4 trillion in assets globally. It is the third-largest global ETF provider, with USD 280 billion in ETF assets.

In Asia, Vanguard provides institutions and intermediaries with access to its global management capabilities through ETFs, separately managed accounts and mutual funds. The Hong Kong office also serves as the Asian hub for the company, which established a site in Japan in 2000 and in Singapore in 2003. Vanguard’s presence in the Asia Pacific region began in 1996 when it opened its Australia office. 

Vanguard’s unique structure eliminates a costly additional ownership layer and enables the firm to return profit to investors through lower costs. Rather than being publicly traded or owned by a small group of individuals, Vanguard is owned by Vanguard’s US-domiciled funds and ETFs. Those funds, in turn, are owned by their investors.

This unique mutual structure aligns Vanguard’s interests with those of investors and drives the culture, philosophy and policies throughout the Vanguard organisation worldwide. As a result, Asian investors benefit from Vanguard’s stability and experience, low-cost investing and client focus. 

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