Australia's AMP and China Life plan JV
Aussie fund manger AMP Capital and China Life joined forces and will set up a fund management company. Analysts say the insurer/fund manager partnership will be fruitful.
Australia’s AMP Capital is in the process of setting up a joint-venture with China’s largest life insurance company, China Life.
The JV marks the first time a foreign fund house joins forces with a Chinese insurance company, and represents the latest partnership between an offshore manager and a Chinese firm, following the State Street Global Advisors and Zhongrong International Trust JV earlier in June and the Taiwanese mutual fund house Yuanta Securities Investment Trust/China R…
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