London manager sets out on QFII mission
City of London IM is talking to US institutions and European banks about investing its QFII quota in listed closed-end funds in China’s A-share market.
City of London Investment Management is poised to start investing directly in China A-share funds after receiving a $100 million QFII quota from the State Administration of Foreign Exchange.
The firm manages $5.1 billion in listed closed-end funds in emerging markets for over 320 institutional clients, largely US. It received a QFII quota this June after almost a year-long wait.
Fund manager Christopher Weaver notes there are 30 listed closed-end funds in China with a combined $…
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