Fledgling China FoFs require careful use: NCSSF, Amac
China's state pension fund and self-regulating fund body welcomed the launch of the first funds of funds, but cautioned asset owners to use the vehicles for long-term diversification.

China’s state pension fund and its fund regulatory body welcomed the country’s approval of funds of funds for use, but they and other experts caution that investors need to carefully scrutinise the vehicles before using them.
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