MRF Archives - Fund Selector Asia

UBS registers flagship China fund for sale in Mainland

The product is the first UBS fund approved under the northbound Mutual Recognition of Funds (MRF) scheme.

Funds managed by China AMC and E Fund in Hong Kong are also expected to be launched in the mainland via the MRF.

Data suggest a turnaround in sentiment towards northbound funds.

Mainland investors have preferred domestic securities over offshore investments.

On top of its JV, PFM and QDLP businesses.

When approved, the firm will have four products distributed under the MRF scheme.

Mainland investors have been avoiding northbound funds in favour of domestic products.

The firm believes that there is strong demand from Chinese investors for Asia fixed income funds.

There are seven other Hong Kong-domiciled MRF funds that are awaiting regulatory approval from the Chinese regulator.

On the flipside, investors have continued to pour money into southbound funds.