Global investment firm T. Rowe Price announced its first direct retail bank partnership in Asia, ex-Japan, with Standard Chartered Bank to distribute its funds to Hong Kong retail investors, representing the first time it has made them available to retail banking customers locally.

T. Rowe Price has made two SICAV sub-funds – its Global Focused Growth Equity Fund and US Large Cap Growth Equity Fund – available through the bank.

“This marks another important milestone in our efforts to provide fund products to broader segments of the Hong Kong retail market, extending our partnerships beyond private banks and insurance,” says Priscilla Leung, head of intermediary business for Greater China at T. Rowe Price. “As the world emerges from the coronavirus pandemic and disruptive changes continue, these funds can provide Hong Kong investors exposure to the opportunities of a broad spectrum of carefully selected, high-quality growth companies with strong long-term prospects.”

“Our clients are adapting to the new normal in the post-coronavirus world,” points out Vicky Kong, head of wealth management, Greater China, North Asia and Hong Kong, at Standard Chartered Bank.  “The new funds added to our shelf will further strengthen our product mix and meet the growing investment demand of our clients.”