The planned QDII2 programme will allow Chinese investors direct investment in offshore securities, but it is unlikely to spark interest, according to Stewart Aldcroft, Asia-Pacific senior adviser for markets and securities services at Citibank.
Author Archives: Francis Nikolai Acosta
Francis is editor for Fund Selector Asia, covering the asset and wealth management industry in Asia. He joined Last Word Media in November 2016 as a senior journalist and became deputy editor in 2019. Previously, he was a reporter at Ignites Asia, A Financial Times service, also covering the region's asset management industry. He has a Master's degree in journalism from The University of Hong Kong.
Are Chinese Bitcoin firms putting client funds in WMPs?
Two of China’s biggest Bitcoin exchanges are alleged to have put client money in risky wealth management products and are under investigation by the country’s central bank.
Thailand’s first robotics fund launches
Asset Plus Fund Management has launched a fund that invests in global robotech equities, which is managed by Axa Investment Managers.
China’s Changjiang new player in HK’s fund industry
Changjiang Asset Management (HK) and Amundi have received authorisation this month from Hong Kong’s Securities and Futures Commission to sell their funds in Hong Kong, according to the regulator.
Aberdeen-Standard pushes China strategy
The newly-merged firm has plucked Amy Wang from Pioneer Investments to serve as Shanghai-based general manager for its Wholly Foreign Owned Enterprise (WFOE) and senior representative for China.
Record inflows for China-domiciled MRF funds
In July, China-domiciled funds available for sale in Hong Kong through the MRF had the highest net inflows since the scheme began at the end of 2015.
In case you missed it – Funds and Futures News
Malaysian stock picker says “fund management is boring”; BNY Mellon IM creates client services role; Australia’s Insight Investment poaches from Barings for global distribution role; Allianz GI launches an SGD income fund in Singapore; Eastspring and Phillip Securities enter distribution agreement in Indonesia; Mass Mutual sells its Hong Kong business to Jack Ma-backed Yunfeng Financial; and more…
HEAD-TO-HEAD: Fidelity vs UBS
FSA compares the Fidelity China Focus Fund and the UBS China Opportunity Fund.
In China, big AUM means MMF strength
Money-market funds (MMFs) account for at least 35% of the total assets managed by the largest fund management firms in China, according to data from the Asset Management Association of China (AMAC).
IMF warns on China’s ‘dangerous’ debt
China’s growth outlook is expected to improve between 2017 and 2021, but the country’s rising debt skews the figures and raises strong concerns, according to the International Monetary Fund.
