The US asset manager has applied to China’s regulator for a licence to access the country’s retail investor market.
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The US asset manager has applied to China’s regulator for a licence to access the country’s retail investor market.
Despite headwinds in China’s tech industry, the firm has a tilt toward internet, healthcare, 5G and electronic component makers.
In March alone, $7bn in capital fled fixed income products, particularly from global and Asia-focused bond funds.
The move comes after the firm decided earlier this year to put on hold plans of developing its businesses in China and Hong Kong as the coronavirus outbreak was peaking in the mainland.
Foundation AM’s China high yield strategy aims to provide an annual income target of 8.5%.
Similarly, Kuala Lumpur-based BIMB IM also launched its own robo-advisory platform last month.
Effective June, QFII and RQFII quota restrictions will be lifted.
NYSE-listed wealth manager Noah and its asset management arm, Gopher, have joined the UN Principles for Responsible Investing (PRI) initiative.
Certain travel-related companies continue to exist despite the Covid-19 pandemic and they have long-term investment appeal, says a portfolio manager at the firm.
The fund, which has an 18-year track record, is distributed through the Mutual Recognition of Funds scheme.
Part of the Mark Allen Group.