PALM DESERT, Calif. - The Investment Company Institute plans to open an office in Hong Kong in May.

The office will give the mutual fund and exchange-traded fund advocacy organization the “ability to gather … real-time information” about growing Asisan markets, said ICI general counsel Karrie McMillan.

McMillan disclosed the plan at the ICIs annual Mutual Funds and Investment Conference here.

The move also comes 18 months after ICI established a division called ICI Global, which is based in London.

That division was established as a trade association for global investment funds, their managers and investors.

ICI Global members include regulated U.S. funds and non-U.S.-based funds that are marketed to investors around the world.

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