Regulatory Archives - Z-Ben Advisors

China Mutual Fund Series: Quarterly Assessment – 3Q21

Active equity, AUM, Bond funds, Distribution, ETFs, Fixed Income, Flows, FMCs, FOFs, Fundraising, JVs, Market share, Mutual Funds, pension, Products, Regulation, Regulatory

Fixed-income products continued their streak from 2Q21, helping industry AUM to another high. This is not a new phenomenon, but this time, the drivers are different. These are undoubtedly difficult times for active equity lines, but some managers have persevered in collecting net inflows amid the morass. At the same time, competition among distributors is […]

AllianceBernstein, BlackRock, CSRC, Fidelity, FMCs, JP Morgan, Neuberger Berman, Regulatory, VanEck

Fidelity and Neuberger Berman overdue? Additional material from these managers is due and a status update may appear at CSRC in the next few days. Regulatory feedback mostly centered on internal processes rather than broader issues. Extensions are not uncommon in onshore regulatory review proceedings, but there are clear benefits to expedience. Please note that […]

Inbound, Market entry, outbound, Portfolio Advisory, QDII, Regionalization, Regulatory

China in 2021 Eight trends to watch Onshore activity has kept a prodigious pace throughout the year, providing a generous wellspring for our perennial trends edition of the Strategic Outlook. In the form of eight defining trends, we take a reading of flow drivers that will factor prominently in 2021. We also examine the nexus […]

CSRC, Fidelity, FMCs, Neuberger Berman, Regulatory, WFOE

Fidelity, Neuberger Berman and lessons learned Recent regulatory disclosure has provided valuable insight into the fund management application process. Clearly, knowing what is required for an application goes beyond checking boxes. Theory in action is on display here in terms of the degree of agency given to local teams. Please note that full versions of […]

Fidelity, Market Opening, Neuberger Berman, Regulatory, Strategies

Neuberger Berman, Fidelity and (maybe) many others The who doesn’t matter; the focus needs to be on the “how”. Regulatory shifts now permit multi-option and layered entry approaches. It’s China’s market you’re entering – can you accept playing by house rules? Please note that full versions of our China Alerts are for clients only, if […]

Distribution, Regulatory

Onshore distribution: Seeing stars Conventional onshore marketing principles are still visibly at work. Portfolio managers remain the focal point for recent sales efforts, but with subtle changes to how they are portrayed. Liberal usage of track records is likely to continue in the absence of stricter industry rules. Please note that full versions of our […]

Fundraising, Regulatory

The production-line approach to fundraising An industry-wide pivot towards active equity fundraising is taking shape. A closer look reveals this isn’t due to product innovation – yet. Instead, many managers race to launch vanilla equity products. Please note that full versions of our China Alerts are for clients only, if you would like more information […]

China Alert – Fidelity and Neuberger Berman overdue?

Strategic Outlook: China in 2021

China Alert – Fidelity, Neuberger Berman and lessons learned

China Alert – Neuberger Berman, Fidelity and (maybe) many others

China Alert – Onshore distribution: Seeing stars

China Alert – The production-line approach to fundraising