Pengyang Fund Management became China’s first mutual fund house set up by a group of domestic “private securities fund” managers, opening the door to retail market sales.
Tag: China
Falling RMB to hit onshore bonds
The Chinese renminbi may depreciate milder in the coming 12 months, but it will still be enough to impact the return generated from fixed income products, strategists said.
Value Partners profit slumps on poor performance
Does Value Partners’ fund performance justify its tanking stock price, net profit and assets under management since the A-shares crash in the second half of last year?
ICBC-Axa set up mainland AM firm
Two more insurer-backed asset management companies have been approved in China, making a total of 26 firms.
Matthews Asia plans mainland office
The fast development of China’s financial industry and the firm’s increasing interest in A-shares calls for an on-the-ground presence that will initially be research-focused, said Frank Wheeler, global head of distribution.
Asia-Pac fund sales beat developed markets in 2015
In 2015, net sales of regulated funds in Asia-Pacific for the first time outpaced sales in Europe and the Americas, according to data from the Investment Company Institute.
Aberdeen set to attract onshore China capital
Aberdeen AM is set to become the first wholly foreign owned enterprise (WFOE) to receive investments from onshore institutional and high net worth investors.
China onshore funds take 1H hit
Assets in China’s onshore mutual funds fell 5.2% in the first half after investors fled domestic equities.
China grants three new firms $930m in RQFII quota
In total, RMB 6.2bn ($930m) of RQFII quota was granted for the first time to Pimco Asia, Axa IM and GF Group’s UK subsidiary in June.
H1: Big surprises in best and worst sectors
In a swift reversal from first half last year, China and UK equities are bottom performers and gold and LatAm have sprung to the top.