Hong Kong SFC Unit Trust, Mutual Fund

Hong Kong SFC Unit Trust, Mutual Fund

On 20 November 2019, HK SFC updated the FAQs on implementation of the UT code.

  • Question 19 on investment in other funds: whether a chapter 7 fund can invest in an underlying fund with an NDE exceeding 50% of the NAV of the underlying fund.
  • What would be the requirement if the NDE of the underlying fund is not available.