ZA Bank, a virtual bank licensed by the Hong Kong Monetary Authority (HKMA), is now offering investment funds for its customers.
After opening an investment account via the bank’s mobile application, investors can immediately subscribe to a range of funds offered by international asset managers such as Franklin Templeton, AllianceBernstein, Invesco, Amundi, Pictet and Janus Henderson.
“Virtual banks are playing an increasingly important role under the new normal, addressing people’s financial needs around the clock with a fully digital servicing model,” said Rockson Hsu, chief executive of ZA Bank.
Investors who successfully open their investment account with the bank by the end of the year will have their subscription fee waived, according to the bank.
The funds offered include the Franklin Technology Fund, AB American Growth Fund and Amundi Balanced Fund. The funds cover themes such as technology, consumption, natural resources, healthcare and ESG.
The virtual bank claims it offers around 30 funds but did not reply to our sister publication Fund Selector Asia’s enquiry by press time on the full list of funds available on its platform.
ZA Bank also said it is the first virtual bank in Hong Kong to offer an integrated personal financial platform, covering banking, investment and insurance services.
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