During the market plunge in February, northbound products sold through the China-Hong Kong Mutual Recognition of Funds (MRF) scheme hit record net outflows, according to data from the State Administration of Foreign Exchange (SAFE).
Tag: China
V is for Vietnam, not volatility
Despite the return of market volatility, a Vietnam equity fund managed by JP Morgan Asset Management has soared to the top as best performer, according to data from FE Analytics.
The challenge of ESG data disclosure
Adoption of environment, social and governance (ESG) measures in a fund relies on trust in the reporting from the companies, and disclosure and transparency remain a major challenge, according to David Li, senior portfolio manager at Impax Asset Management.
China set to approve 10 onshore licences this year
China’s regulator is likely allow 10 more foreign managers to sell private fund products in 2018, according to Miao Hui, senior analyst at Cerulli Institute, who leads the China research initiative.
Investec AM adds RQFII quota
Investec Asset Management and Taiwan-based Mega International Investment Trust were granted onshore investment quotas in March, according to records from China’s State Administration for Foreign Exchange (SAFE).
Neuberger Berman launches onshore China fund
Neuberger Berman has joined the growing number of global fund managers who have launched an onshore private fund via a wholly foreign-owned enterprise (IM WFOE) in Shanghai.
Amundi-Creditease partnership targets HK investors
China’s Creditease Wealth Management has entered into a partnership with Amundi Asset Management to launch joint products targeting Hong Kong investors.
CIMB-Principal launch China fund in Malaysia
Kuala Lumpur-based CIMB-Principal Asset Management has launched Malaysia’s first China fund that uses renminbi qualified foreign institutional investor (RQFII) quota.
RMB-based financial products debut
Oil contracts and Ucits funds have begun offering renminbi-based products after China scrapped some foreign exchange controls to catch up with international currency standards.
China bonds added to another key index
The inclusion of China’s onshore bonds on the Bloomberg Barclays Global Aggregate Index is seen as a positive development, but don’t expect a surge of capital in the short-term, managers said.
