UBS Asset Management (UBS AM) loses first position in Broadridge’s China Power Ranking.
Category: China
New funds struggle to raise money in China
Several new products in the mainland have extended their subscription periods amid cooling market sentiment.
Amundi receives QDLP qualification
The asset manager also has a wealth management joint venture with BOC Wealth Management.
China AMC to integrate machine learning to investment process
The asset manager has partnered with artificial intelligence company Boosted.ai.
China expands QDLP scheme to Hainan
Following plans for establishing the entire island into a free trade zone.
Pimco chooses global fixed income as first QDLP strategy
The firm is targeting China’s high net worth individuals.
MRF funds see two-way inflows in February
Mainland investors have poured RMB 2.6bn ($400m) in Hong Kong-domiciled funds during the first two months this year.
Fund subscription in China cools amid market correction
Recent stock market slump has tapered new fund launching in China. But many domestic asset managers believe new funds will roll out again soon once market sentiment improves.
QDII issuances this year surpass quotas dished out in 2020
Eleven firms became recipients last month of quotas amounting to $8.85bn
