(China Alert) MRF: A Zealous beginning

  • MRF
·Zeal AM launched the first northbound MRF fund in China ·The firm is using an interesting launch strategy via Tianhong ·Generalization from Zeal’s experience may be difficult Update: A boutique Hong Kong firm, Zeal Asset Management, has become the first to launch an MRF fund in China, entering a big market via a groundbreaking cross-border […]
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(China Alert) MRF: Let the games begin

  • MRF
·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 […]
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(China Alert) China Q3 MF numbers: Minor drop, major shift

  • MRF, Mutual Fund Companies
·Chinese public MF AUM fell 5.6% to RMB6.7tr (USD1.06tr) ·MMFs received large inflows at the expense of equity products ·Non-core business continues to surge, piling on competitive pressure Update: Chinese public mutual fund AUM fell from RMB7.1tr (USD1.1) to RMB6.7tr (USD1.06tr, -5.6%) in the third quarter. FMCs are still keenly feeling the effects of equity volatility. […]
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(China Alert) MRF update: Traveling and moving

  • MRF
·Four new MRF funds have been lodged with CSRC ·Domestic agent selection is splitting into distinct tiers ·Re-domiciling and foreign ownership will define MRF Update: Four new MRF funds have been lodged with CSRC. CCB International and Value Partners are new names on the list. The update is not particularly surprising in terms of firm […]
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(China Alert) QDII and MRF: Out with old, in with the new

  • FMC, JV, MRF, QDII
·Two joint venture FMCs killed off QDII funds last week. ·They died for reasons that have little to do with QDII’s overall health. ·The liquidations reinforce how MRF timing and fund choice will be critical at this juncture. Update: Two JV FMCs – Manulife Teda and Fortune SG – each liquidated a QDII fund last week, an industry first. Z-Ben […]
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