China Archives - Page 40 of 54 - Fund Selector Asia

China issues third round of QDII quotas this year

A total of $12bn worth of quotas were issued this year.

Sales of mutual funds during the third quarter reached RMB 14.05bn, up by 18.6% from the second quarter.

The firm is also targeting the retail investor base in the mainland via the MRF scheme.

The firm’s total AUM was also down 30%.

The only Italian foreign PFM licence holder now manages six onshore funds in China.

Digitalisation, premiumisation, experience, urbanisation and wellness are driving the Asia consumption story.

Import substitution and market consolidation is transforming China’s healthcare sector, according to JP Morgan Asset Management.

The sector is expected to deliver earnings growth of 25-30% in the next 12-18 months.

High returns, low correlations and index inclusion should attract foreign flows into China Government Bonds (CGBs), says Fidelity’s Asia CIO.

The regulators just issued $3.36bn of fresh quotas last month, after QDII quota allocations were suspended in April 2019.