AIA Hong Kong has entered into a partnership with Capital Group, a Los Angeles-based financial services company to introduce long-term savings and retirement investment solutions to Hong Kongers.
The platform, the New Perspective Fund, will be available via the AIA Investment Linked Assurance Scheme (ILAS). It is Capital Group’s first fund offered on the ILAS and also makes AIA its first insurance partner in Hong Kong.
Mr Thomas Quantrille, Managing Director of Capital Group Asia said, “We are very pleased to be working with AIA as our first insurance partner in Hong Kong. We prudently identify and form partnerships with financial intermediaries based on common values, vision, and scale. AIA’s strong brand name, established presence and extensive knowledge in the local market will be vital to our growth in Hong Kong, and eventually in other markets in Asia as we expand our partnership in the future.”
He added that the New Perspective Fund was launched in Asia from one of Capital Group’s flagship strategies in the US, which has a 44-year “stellar track record”.
The New Perspective Fund was the first fund that the company brought to Asia in 2015 from the US. It aims to benefit from changing global trade patterns by focusing on established MNCs and also rising multinational companies that are poised to be leaders of the future.
Mr Quantrille noted that two-thirds of Capital Group’s US$1.4 trillion assets under management are in retirement specific structures. “Over time, we expect to make more joint introductions of investment products with AIA, based on specific Hong Kong demographics and lifestyle patterns,” he said.