FSA compares two China onshore funds available for sale in Hong Kong through the Mutual Recognition of Funds (MRF): the CCB Principal Dual Income Bond Fund and the E Fund Stable Return Bond Fund.
Tag: Mutual Recognition of Funds
Outflows still plague MRF funds
Northbound funds selling onshore in China under the Mutual Recognition of Funds (MRF) continued to see more inflows, although the net sales remained negative in March, according to latest data from the State Administration of Foreign Exchange.
UBS AM eyes the onshore China market
UBS Asset Management has launched a Hong Kong mutual fund platform, setting sights on distribution into onshore China market, said Markus Egloff, head of wholesale client coverage for Asia ex-Japan.
JP Morgan to roll out more MRF funds
JP Morgan Asset Management plans to launch more funds for China distribution through the Mutual Recognition of Funds scheme, even though overall MRF sales have been slowing, said Henry Tong, head of China retail business.
JPM to expand MRF sales coverage in China
JP Morgan AM lifted the subscription cap of its Asian bond fund selling through the mainland through the Mutual Recognition of Funds (MRF) scheme earlier this month, after northbound funds overall recorded net outflows for three months in a row.
Is the MRF a one-way scheme?
After 1.5 years, China’s regulator still hasn’t explained the delay in approving northbound funds through the MRF scheme, raising questions about how mutual the scheme is, according to industry players.
MRF reports $1.1bn in first-year sales
After the first full year of operation, the Mutual Recognition of Funds scheme had net sales of about $1.1bn, the bulk of that from northbound fund sales.
Sharp slowdown in MRF sales, imbalance increases
The huge sales gap between north- and southbound funds being sold through the Mutual Recognition of Funds continues to expand.
JPM MRF fund caps new subscriptions
Northbound net flows under the Mutual Recognition of Funds scheme dropped in September after JP Morgan put a limit on new subscriptions for its bond fund.
MRF northbound sales surge in August
Northbound net flows under the Mutual Recognition of Funds scheme hit RMB 3.95bn ($593m) in August, 3.6 times the figure in July (RMB 1.1bn), according to the latest data from the State Administration of Foreign Exchange.
