Investment manager Neuberger Berman has expanded its fund range in Asia by registering three UCITS funds for sale to the retail market in Singapore.
Additionally, the firm has also received approval of 11 of its UCITS funds for sale to individual investors in Hong Kong.
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The three funds that have received approval from the Monetary Authority of Singapore include: the Neuberger Berman High Yield Bond Fund, Neuberger Berman US Multi-Cap Opportunities Fund, and Neuberger Berman Short Duration High Yield Bond Fund.
At the same time, Neuberger Berman Asia, a unit of Neuberger Berman Group, has also received approval for the same three funds from the Securities and Futures Commission.
Additionally, the other eight funds that the firm will offer to retail investors in Hong Kong include Neuberger Berman US Large Cap Growth 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, and Neuberger Berman Global Bond Fund.
Currently, Neuberger Berman manages over US$21 billion in assets for institutional and individual clients across its Ireland-based Neuberger Berman Investment Funds UCITS range, including over US$1.5 billion raised from Taiwan.
Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman said: "It is crucial that we are able to offer these investment strategies to address an increasingly global client demand."
