(China Alert) MRF: Let the games begin
·Three global funds will soon launch in China via MRF
·MRF managers will face a challenging fundraising environment
·Key strategies can help firms achieve MRF success
Update: Three mainland MRF funds launched in Hong Kong yesterday, and the three approved Hong Kong-domiciled global funds will imminently launch in the Mainland. Up to 14 more are in the pipeline to launch in China, and more approvals are expected as early as tomorrow. Z-Ben Advisors believes that this first batch of northbound MRF funds will face a multitude of challenges as they enter a fundraising landscape entirely different to other global markets. Product and distribution strategies will be essential to capturing the long-term opportunity offered by this new route into the USD1tr mainland mutual fund market, especially as demand for offshore exposure begins to grow.
With the first batch of approvals, regulators also clarified certain MRF guidelines pertaining to……
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