Kuala Lumpur-based CIMB-Principal Asset Management has received additional quota enabling the firm to invest in China’s onshore markets, according to latest records from the country’s State Administration for Foreign Exchange (SAFE).
Tag: China
ChinaAMC launches onshore gov’t bond ETF
Despite recent defaults on China bonds, China Asset Management has today listed a fixed income exchange-traded fund that tracks a China onshore bond index.
Invesco Great Wall tops best China fund ideas
Morningstar’s semi-annual report on China’s best mutual fund ideas chose 16 onshore funds based on fund manager experience, consistency in investment process and performance in several market cycles.
Outflows continue for northbound MRF products
April marked five consecutive months of net outflows for Hong Kong-domiciled funds sold in China through the Mutual Recognition of Funds (MRF) scheme, according to the latest data from the State Administration of Foreign Exchange (SAFE).
China’s MSCI inclusion: Big step, little change
Index provider MSCI has today formally included around 230 China A-shares into its three widely-tracked indices, but fund managers see a minimal impact on the A-share market.
Study: Asia’s HNWIs expect outsized SI returns
High net worth individuals in Asia put strong returns ahead of building a better world when it comes interest in sustainable investment (SI) products, according to a survey conducted by Standard Chartered.
ASI moves into China’s onshore bond market
Aberdeen Standard Investments’ launch of a China bond fund in Europe signals a pick up in global manager interest in China’s $9trn onshore bond market.
Noah eyes expansion to Singapore
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
Amundi to sell global equity fund in China
The cross-border Mutual Recognition of Funds scheme added a global equity northbound fund managed by Amundi and received two more applications from Haitong International Asset Management.
Jupai in product shift away from fixed income
NYSE-listed Chinese wealth manager Jupai has been moving out of bond products for its wealth management clients and has reported a 28% rise in first quarter net profit.
