China’s FoFs face obstacles to growth potential
The funds of funds industry in China has enormous potential, but fund houses need to build capabilities and track records in order to exploit it, said participants and observers.
China’s newly opened retail funds of funds (FoF) market has enormous potential, but it will take years to realise as local investors familiarise themselves with the products and fund houses build track records, say market participants.
Six asset managers, namely ChinaAMC, China Southern, CCB Principal, Harvest, HFT and Manulife Teda, obtained written consents from the China Securities Regulatory Commission (CSRC) to lauch FoFs last week. The products invest into other mutual funds…
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