BEA Union Investment tests the water by introducing two Asia-focused funds to Swiss investors through the Mutual Recognition of Funds (MRF) scheme, according to CEO Eleanor Wan.
Tag: China
Italy’s UBI Banca sells down stake in China AM firm
Italian bank Unione di Banche Italiane reduced its stake in Zhong Ou Asset Management to 25% from 35%, by transferring shares to 11 members of the firm’s management.
China’s Yinhua Fund Management joins MRF scheme
Yinhua Fund Management, an independent mainland asset manager set up in Hong Kong, received approval from Hong Kong’s Securities and Futures Commission to sell a fixed income product in the SAR through the Mutual Recognition of Funds (MRF) scheme, according to the SFC.
MRF inflows from mainland investors stay strong
Despite a slight drop in assets, inflows into the five Hong Kong funds available for sale in the mainland through the MRF remain robust.
Neuberger Berman adds to China equity team
Neuberger Berman has hired a five-strong team to bolster its China equity offering.
China’s robo-advisor Xuanji expands overseas
Xuanji, a Beijing-based robo-advisor, announced plans to launch a fully automated portfolio service in Asia, its first foray outside China.
Guggenheim receives RQFII licence
US-headquartered Guggenheim Funds Investment Advisors has been granted a renminbi qualified foreign institutional investor (RQFII) licence by the China Securities Regulatory Commission (CSRC), according to the regulator’s records.
Blackrock plans to launch private funds in China
Blackrock is applying for a private fund management licence in China with the goal of launching funds for high net worth and institutional clients, according to media reports.
China GDP growth surprises on the upside
China pulled off better than anticipated growth in the second quarter, leading analysts to speculate it could have greater momentum going forward.
UBS WFOE cleared for business in China
UBS Asset Management obtained a private fund management (PFM) license in China yesterday, allowing it to offer fund products to onshore clients, the firm announced.
