China Archives - Page 31 of 118 - Fund Selector Asia

Stan Chart to distribute Blackrock fund onshore

In total, Standard Chartered in China distributes around 200 QDII products managed by 10 foreign asset management firms.

China continues to refine regulations aimed at opening its financial industry.

Separately, a number of foreign firms are set to hold a majority stake in a Chinese retail mutual fund business.

Despite Brexit woes, the UK has become the latest choice for China’s qualified domestic institutional investors (QDII).

A Beijing-based firm has joined other Chinese wealth managers which have expanded offshore.

Both UBS AM and JP Morgan Global AM score high in terms of retail brand perception and local operational strength.

But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.

The asset manager’s WFOE taps into domestic demand for China fixed income.

But in Hong Kong, the firm is building its retail business and has signed Standard Chartered Bank as distribution partner.

Investors should seek extra yield, liquidity – and sanctuary – with investment grade corporate bonds, according to JP Morgan Asset Management.