This week the regulator approved three Hong Kong-domiciled products, which are aimed at eventual sale to mainland investors via the Mutual Recognition of Funds scheme.
Tag: MRF
JPM AM aims for onshore private fund license
The US firm is reportedly about to join other global asset managers in applying for a private fund management (PFM) license in China, according to local media.
MRF northbound funds lose half of assets in H1
Funds sold in China through the Mutual Recognition of Funds (MRF) scheme had a record month of outflows in June and in total lost half of assets since January, according to the State Administration of Foreign Exchange (SAFE).
Amundi AM may follow peers with China WFOE
Amundi Asset Management is considering setting up wholly foreign-owned enterprise (WFOE) in China and plans to launch more Hong Kong-domiciled funds, according to Zhong Xiaofeng, the firm’s CEO for North Asia.
After 2.5 years, BEA Union fund gets MRF nod
The prolonged approval process for northbound funds via the Mutual Recognition of Funds (MRF) scheme will not deter BEA Union Investment Management from launching products via the fund passporting programme, the firm’s CEO Eleanor Wan told FSA.
Singapore seeks MRF, passporting schemes
The Monetary Authority of Singapore wants Singapore-domiciled funds to be available to investors in offshore markets, according to Lim Cheng Khai, an executive director for capital markets intermediaries at the MAS.
Z-Ben: China retail distribution remains tricky
Foreign managers targeting China’s retail mutual fund market should not rely too much on online channels, according to Jasmine Baker, analyst at Shanghai-based consultancy firm Z-Ben Advisors.
GAM: Alts demand to continue in 2018
Alternatives, particularly infrastructure investments, are expected to see continued demand from professional investors, according to industry sources speaking at the recent Association of Luxembourg Fund Industry (ALFI) roadshow.
BEA Union receives approval for northbound MRF fund
BEA Union Investment’s Asian Bond and Currency (ABC) Fund has gained approval to be sold on the mainland under the China-Hong Kong Mutual Recognition of Funds (MRF) scheme, according to a statement from the firm.
Morningstar: Invesco Great Wall fund tops peers
A mixed-asset fund managed by Invesco Great Wall stands out among peers in Morningstar’s semi-annual ranking of best China funds, according to Rachel Wang, director of manager research in China.
