QDII funds, which mainland firms use to invest domestic capital outside of China, have had strong net outflows during the year.
Tag: China
Foreign private funds in China total 17
Italy’s Azimut has registered its first private securities fund with the Asset Management Association of China (Amac) after obtaining approval in February.
Nikko bets on domestic consumer plays
Online shopping in China is growing, creating loyal internet consumers who are increasingly spending at small retailers, according to Grace Yan, Hong Kong-based portfolio manager at Nikko Asset Management.
Large banks to keep control of China JVs
Despite a relaxation of foreign ownership rules, Chinese partners are expected to retain the majority stake in joint ventures because China’s asset management business is lucrative, said Ye Kangting, analyst at Cerulli Associates in Singapore.
China fund distribution remains rough
Global asset managers are setting up in China, but lack of an onshore track record and brand recognition are among the challenges they face with onshore distribution, according to Aberdeen Standard and Fullerton.
Value Partners eyes sharia funds, plans US office
Despite a 1H profit slide, Hong Kong-listed Value Partners said it intends to open offices in Malaysia and the US and possibly launch a ‘core China’ fund in Europe.
China wants to attract overseas fund talent
Chinese authorities have simplified procedures for Taiwan professionals to work in the fund industry and are now offering the exams in English.
Foreign managers continue to move into China
Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.
Report: China, India driving AUM growth
Asset growth in China’s money market funds is expected to slow, while India may see a period of consolidation among its robo-advisors, according to Boston-based research firm Cerulli Associates.
Value Partners launches its third onshore fund
Hong Kong-listed Value Partners has launched another onshore China fund through its investment management wholly foreign-owned enterprise (IM WFOE).
