This comes a day after Neuberger Berman got its approval.

This comes a day after Neuberger Berman got its approval.
Final standards have been set and will be revealed to market within months.
In a bid to make sure investors are ‘adequately protected and key risks are effectively managed’.
Deal reported to be priced at around £250m.
To better reflect the strategy’s total return objective.
Despite the sudden surge in approvals for foreign-owned mutual funds, global asset managers struggle to gain much traction in China.
Liquidations are part of its plan to merge or close over 100 strategies.
The strategic alliance builds on the partnership struck between the two institutions’ Singaporean subsidiaries in 2018.
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Part of the Mark Allen Group.