Asset Management
What's New In Investments, Funds? – Brown Brothers Harriman, ICBCUBSI
The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
ICBCUBSI, Brown Brothers Harriman
ICBC UBS Asset Management (International) – or ICBCUBSI –
which has partnered with Krane Funds Advisors to launch a
new Hong Kong-listed exchange-traded fund, has appointed Brown
Brothers Harriman as custodian.
Brown Brothers Harriman Trustee Services (Hong Kong) serves as trustee and registrar, it said in a statement yesterday.
The ICBC UBS KraneShares KWEB CSI China Internet ETF will offer listed and unlisted share classes to investors. The fund will bring investors in Hong Kong access to the underlying strategy behind KWEB, KraneShares’ flagship US-listed China Internet ETF and the largest US-listed China ETF globally.
“ICBCUBSI and KraneShares’ entrance to the Hong Kong ETF market is well-timed as there has been an increased demand for tech-themed ETFs from Hong Kong investors,” Chris Pigott, BBH's head of Hong Kong ETF servicing, said in a statement.
Assets of tech-themed ETFs listed on HKEX have surged by 102 per cent year-on-year and have added more than HK$29 billion of net new flows into those products through the first nine months of 2025.
BBH Hong Kong has been servicing Hong Kong-based clients for over 35 years.