Amid the euphoria of China’s economic re-opening, are genuine risks of another potential global wave or further Covid mutation being glossed over?
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Amid the euphoria of China’s economic re-opening, are genuine risks of another potential global wave or further Covid mutation being glossed over?
The German asset manager filed an application to the regulators to enter the Chinese retail fund market last Friday.
AllianzGI believes investors should capitalise on the market volatility stirred up by recent Sino-US tensions.
The American asset manager has received approval to set up a fund management company.
Firm will ‘continue to invest in and grow’ its operations in Hong Kong and Singapore.
UBS is only the latest foreign firm to throw its hat in the ring in China by seeking to apply for a mutual fund licence.
This comes a day after Neuberger Berman got its approval.
The fund is expected to complete its IPO by the end of the first quarter of this year.
‘The traditional 60/40 portfolio was dead and buried last year but the outlook now looks far better – it has been resuscitated.’
A sense of optimism surrounds the country’s prospects as it reopens.
Part of the Mark Allen Group.