The New York-based hedge fund manager will be competing against other foreign managers that have launched quantitative products in China.
Tag: China onshore funds
China’s regulator zeroes in on performance fees
Among the proposed rules are a requirement that an asset management firm inject at least RMB 10m ($1.5m) into mutual funds that levy a performance fee.
Fidelity WFOE debuts onshore bond fund
Fidelity International has announced the launch of its China Bond No.1 Private Fund, the first ever fund product launched by a foreign firm in China.
Mainland investors rush to Hong Kong stocks
Shanghai-Hong Kong-Shenzhen-themed mutual funds are getting strong inflows as mainland investors worry about RMB risk and the property market.
China’s CSRC orders fund name change
Guaranteed funds in the mainland, worth RMB 320bn ($46.5bn), will be called “risk-hedging strategy funds” to reflect potential risks, according to the new guidelines released by the China Securities Regulatory Commission.
China asset management industry tops $7.5trn
Assets under management rose 36% to RMB 51.8trn ($7.54trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).
China’s mutual fund assets grew 9% in 2016
Onshore mutual funds topped RMB 9.16trn ($1.33trn) in assets at the end of last year, up 9% from 2015, according to the latest monthly data from the semi-official Asset Management Association of China (AMAC).
Report: Chinese investors focus squarely on return
Consultant Z-Ben Advisors believes that if Vanguard were to come onshore tomorrow with its current strategy, it would not have much traction because returns are more important than low fees in China.
China’s onshore mutual funds lack managers
Each onshore mutual fund manager needs to take care of 3.12 funds on average, according to a Morningstar report.
China onshore funds fueled by institutional demand
The upcoming launch of mutual fund of funds as well as banks outsourcing more wealth management products (WMPs) to asset managers should help grow onshore fund assets, analysts said.
