In the midst of slowing GDP growth and a trade dispute without apparent end, JPMAM bets its China growth ambitions on its majority-owned CIFM joint venture.
Eddy Wong was appointed as CEO of China International Fund Management, a mainland joint venture between JP Morgan Asset Management and Shanghai International Trust.
Chinese government bond yields have surged due to regulatory actions, presenting a buying opportunity, according to several fund managers.
FSA asked several professionals from asset management firms for their view on the MSCI’s upcoming decision to include China’s A-shares in its emerging market indices.
Mainland companies with stable earnings and low valuations are preferred amid uncertainties around the globe, said Jenny Szeto, Hong Kong-based senior fund manager at CIFM Asset Management.
The asset management wholly foreign-owned enterprise (AM WFOE) is expected to have wider business scope than the three investment management WFOEs approved earlier.
Fund Selector Asia compares two China onshore funds, the Bocom-Schroder Growth Mixed Securities Investment Fund A and the CIFM China Sector Rotation Fund Class A.
The Morningstar China research team analyses the CIFM China Multi-Assets Fund, which is sold through the Mutual Recognition of Funds scheme.
Downward pressure on the RMB and A-share volatility are prompting China’s investors to diversify their assets, said David Leung, head of wealth management at Standard Chartered Bank in China.